Lincoln Electric Holdings, Inc. (LECO) To Go Ex-Dividend on September 30th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, July 17th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.71 per share by the industrial products company on Tuesday, October 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, September 30th.

Lincoln Electric has increased its dividend by an average of 9.9% annually over the last three years and has increased its dividend every year for the last 29 years. Lincoln Electric has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln Electric to earn $9.62 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 29.5%.

Lincoln Electric Trading Down 0.1 %

Shares of LECO stock opened at $193.39 on Friday. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.40 and a beta of 1.14. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $191.20 and a 200 day moving average price of $208.83. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 earnings per share. Research analysts forecast that Lincoln Electric will post 8.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LECO. StockNews.com downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Stifel Nicolaus upped their price objective on Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Robert W. Baird lowered their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $226.33.

Insider Activity at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the transaction, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.