Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Declares Quarterly Dividend of $0.87

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Thursday, December 31st will be paid a dividend of $0.87 per share by the industrial products company on Friday, January 15th. This represents a $3.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, December 31st. This is a 10.1% increase from Lincoln Electric’s previous quarterly dividend of $0.79.

Lincoln Electric has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 30 years. Lincoln Electric has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln Electric to earn $12.43 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 25.4%.

Lincoln Electric Trading Down 1.8%

Lincoln Electric stock opened at $257.81 on Thursday. The business has a 50 day moving average price of $271.59 and a two-hundred day moving average price of $263.87. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. Lincoln Electric has a 12 month low of $216.22 and a 12 month high of $310.00.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%. Lincoln Electric’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.60 earnings per share. As a group, equities analysts forecast that Lincoln Electric will post 11.18 EPS for the current year.

Analyst Ratings Changes

LECO has been the subject of several research reports. Wall Street Zen cut Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. UBS Group began coverage on shares of Lincoln Electric in a report on Monday, August 10th. They issued a “buy” rating and a $340.00 price target on the stock. Morgan Stanley upgraded shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $257.00 to $283.00 in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $307.22.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc is a Cleveland, Ohio-based manufacturer of welding, cutting and industrial automation products. The company serves manufacturers, fabricators, construction companies, maintenance and repair operations, utilities, and other industrial customers.

Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories, and related safety products. Lincoln Electric also provides automated and robotic welding systems, engineered solutions, training, and technical support.