Lincoln Electric Holdings, Inc. (LECO)
2 Undervalued Industrial Dividend Stocks For August 2024
LECO offers compelling long-term value with strong revenue and dividend growth, prudent resource allocation, and 29 year history of increasing dividends. SWK is undervalued post-transformation, with improving margins, stabilizing cash flow, and a historically high dividend yield with a 58 year history of increasing dividends. LECO's consistent dividend growth and shareholder-friendly practices make it a standout, while SWK's recovery and potential for capital appreciation are attractive.
Why Is Lincoln Electric (LECO) Down 2.8% Since Last Earnings Report?
Lincoln Electric (LECO) reported earnings 30 days ago. What's next for the stock?
Zacks Industry Outlook Black & Decker and Lincoln Electric Holdings
Black & Decker and Lincoln Electric Holdings have been highlighted in this Industry Outlook article.
Lincoln Electric (LECO) Q2 Earnings Beat, Revenues Dip Y/Y
Lincoln Electric's (LECO) Q2 top line reflects a decline in organic sales, partially offset by the benefits from acquisitions.
2 Manufacturing Tools Stocks to Watch Despite Industry Headwinds
Persistent weakness in the manufacturing sector weighs on the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. LECO and SWK are a couple of stocks to retain.
Lincoln Electric (LECO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Lincoln Electric (LECO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lincoln Electric Holdings (LECO) Q2 Earnings and Revenues Beat Estimates
Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.44 per share a year ago.
Analysts Estimate Lincoln Electric Holdings (LECO) to Report a Decline in Earnings: What to Look Out for
Lincoln Electric (LECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lincoln Electric Dragged Down By Softening End-Markets (Rating Upgrade)
Lincoln Electric is facing near-term challenges due to economic uncertainty and market contraction, with virtually all of its major markets seeing some level of weakness. Despite an unexpected contraction in sales, Lincoln Electric management expects margins to remain relatively stable and free cash flow should be healthy. Lincoln Electric's business mix has been shifting towards more equipment sales, leading to higher margins and positioning the company well for a future where automation is even more important.
Lincoln Electric (LECO) Dips 21% in 3 Months: Will It Recover?
Lincoln Electric (LECO) will gain from strong order trends and its focus on pricing.
Quadrant Capital Group LLC Buys 146 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Quadrant Capital Group LLC boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,199 shares of the industrial products company’s stock after purchasing an additional 146 shares during the quarter. Quadrant Capital Group LLC’s holdings in Lincoln Electric were worth $261,000 at the end of the most recent reporting period. Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Lincoln Electric during the 4th quarter worth $27,000. VisionPoint Advisory Group LLC grew its stake in shares of Lincoln Electric by 81.1% during the third quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Lincoln Electric during the fourth quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Lincoln Electric by 43.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Lincoln Electric by 46.9% in the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 60 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades LECO has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. KeyCorp lifted their price target on Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Robert W. Baird cut their price objective on Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $228.00. View Our Latest Stock Analysis on Lincoln Electric Lincoln Electric Price Performance NASDAQ:LECO opened at $226.97 on Monday. The firm’s fifty day moving average is $240.68 and its two-hundred day moving average is $225.69. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.58 and a beta of 1.23. Lincoln Electric Holdings, Inc. has a one year low of $164.00 and a one year high of $261.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24. Lincoln Electric (NASDAQ:LECO – Get Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.15 by $0.08. The firm had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. Lincoln Electric’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Research analysts expect that Lincoln Electric Holdings, Inc. will post 9.6 EPS for the current year. Lincoln Electric Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is 30.15%. Insider Activity at Lincoln Electric In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the transaction, the senior vice president now owns 9,150 shares in the company, valued at $2,308,819.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the sale, the chief financial officer now owns 22,402 shares of the company’s stock, valued at approximately $5,554,575.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total transaction of $834,202.98. Following the transaction, the senior vice president now owns 9,150 shares of the company’s stock, valued at $2,308,819.50. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock. Lincoln Electric Company Profile (Free Report) 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.
