Lincoln Electric (NASDAQ:LECO) announced a quarterly dividend on Thursday, April 19th, RTT News reports. Shareholders of record on Friday, June 29th will be paid a dividend of 0.39 per share by the industrial products company on Friday, July 13th. This represents a $1.56 dividend on an annualized basis and a yield of 1.68%.
Lincoln Electric has increased its dividend by an average of 15.0% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Lincoln Electric has a dividend payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lincoln Electric to earn $5.27 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 29.6%.
Shares of LECO opened at $92.96 on Friday. Lincoln Electric has a one year low of $83.77 and a one year high of $101.34. The company has a quick ratio of 1.94, a current ratio of 2.60 and a debt-to-equity ratio of 0.76. The stock has a market cap of $6,101.90, a price-to-earnings ratio of 24.54, a PEG ratio of 1.71 and a beta of 1.10.
Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. Lincoln Electric had a return on equity of 28.76% and a net margin of 9.43%. The company had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. equities research analysts expect that Lincoln Electric will post 4.73 earnings per share for the current year.
A number of brokerages have commented on LECO. Robert W. Baird reaffirmed a “hold” rating and set a $93.00 price target on shares of Lincoln Electric in a research report on Friday, April 13th. BidaskClub cut Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. KeyCorp raised Lincoln Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, March 12th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $110.00 price target on shares of Lincoln Electric in a research report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $105.30.
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About Lincoln Electric
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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