Lincoln Electric Holdings, Inc. (LECO) to Issue Quarterly Dividend of $0.75 on January 15th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Thursday, October 17th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.75 per share by the industrial products company on Wednesday, January 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, December 31st. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71.

Lincoln Electric has raised its dividend by an average of 9.9% annually over the last three years and has increased its dividend every year for the last 30 years. Lincoln Electric has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln Electric to earn $9.26 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 32.4%.

Lincoln Electric Trading Down 0.5 %

NASDAQ LECO opened at $189.86 on Friday. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The firm has a 50 day moving average of $204.48 and a two-hundred day moving average of $195.77. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $10.71 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million during the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 earnings per share. As a group, research analysts expect that Lincoln Electric will post 8.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird decreased their price objective 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. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, KeyCorp increased their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.17.

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.