Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Announces Quarterly Dividend of $0.79

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.79 per share by the industrial products company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st.

Lincoln Electric has raised its dividend payment 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 research analysts expect Lincoln Electric to earn $10.08 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 31.3%.

Lincoln Electric Trading Down 0.5%

LECO stock traded down $1.53 during midday trading on Thursday, hitting $287.51. 6,751 shares of the company’s stock were exchanged, compared to its average volume of 406,528. The business has a 50-day simple moving average of $260.68 and a two-hundred day simple moving average of $245.54. Lincoln Electric has a 1-year low of $161.11 and a 1-year high of $310.00. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $15.82 billion, a PE ratio of 30.97, a P/E/G ratio of 1.79 and a beta of 1.26.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.12. Lincoln Electric had a net margin of 12.30% and a return on equity of 39.35%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $2.57 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Lincoln Electric will post 9.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Lincoln Electric by 4.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,850,816 shares of the industrial products company’s stock valued at $436,478,000 after purchasing an additional 72,826 shares in the last quarter. Norges Bank acquired a new stake in Lincoln Electric during the 4th quarter worth $415,155,000. JPMorgan Chase & Co. boosted its holdings in Lincoln Electric by 5.6% during the second quarter. JPMorgan Chase & Co. now owns 1,558,783 shares of the industrial products company’s stock worth $323,167,000 after buying an additional 83,035 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lincoln Electric by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock worth $313,175,000 after purchasing an additional 6,070 shares during the period. Finally, M&T Bank Corp boosted its stake in Lincoln Electric by 5,862.4% in the 4th quarter. M&T Bank Corp now owns 1,271,364 shares of the industrial products company’s stock worth $304,670,000 after purchasing an additional 1,250,041 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.