1,176 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,176 shares of the industrial products company's stock, valued at approximately $216,000.

A number of other large investors have also recently bought and sold shares of LECO. Vanguard Group Inc. boosted its holdings in Lincoln Electric by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,601,734 shares of the industrial products company's stock worth $1,050,157,000 after purchasing an additional 18,805 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Lincoln Electric by 15.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,735,527 shares of the industrial products company's stock worth $325,359,000 after acquiring an additional 234,515 shares during the last quarter. Norges Bank acquired a new position in Lincoln Electric during the 4th quarter worth $307,344,000. Victory Capital Management Inc. lifted its position in Lincoln Electric by 16.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,351,223 shares of the industrial products company's stock worth $255,597,000 after acquiring an additional 188,104 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lincoln Electric by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,235,582 shares of the industrial products company's stock valued at $231,691,000 after buying an additional 31,033 shares during the last quarter. Institutional investors own 79.61% of the company's stock.

Wall Street Analysts Forecast Growth

LECO has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Robert W. Baird decreased their price objective on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Stifel Nicolaus lifted their price objective on shares of Lincoln Electric from $180.00 to $236.00 and gave the stock a "hold" rating in a research report on Monday. Finally, KeyCorp lifted their price objective on Lincoln Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Lincoln Electric currently has a consensus rating of "Hold" and an average target price of $222.60.

Lincoln Electric Stock Down 1.7%

NASDAQ:LECO opened at $218.22 on Tuesday. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 1.64 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $225.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.19 and a current ratio of 1.78. The stock's fifty day moving average price is $205.19 and its two-hundred day moving average price is $196.05.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.06). Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The business had revenue of $365.45 million for the quarter, compared to the consensus estimate of $974.39 million. During the same quarter in the previous year, the company earned $2.23 earnings per share. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.37%. Lincoln Electric's payout ratio is 36.99%.

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.

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