Sherbrooke Park Advisers LLC Takes Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Sherbrooke Park Advisers LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,366 shares of the industrial products company's stock, valued at approximately $256,000.

A number of other hedge funds have also made changes to their positions in LECO. Mizuho Bank Ltd. purchased a new position in shares of Lincoln Electric in the fourth quarter valued at $30,000. Jones Financial Companies Lllp increased its position in Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock worth $33,000 after purchasing an additional 125 shares in the last quarter. V Square Quantitative Management LLC increased its position in Lincoln Electric by 54.1% during the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock worth $56,000 after purchasing an additional 105 shares in the last quarter. UMB Bank n.a. increased its position in Lincoln Electric by 37.5% during the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company's stock worth $73,000 after purchasing an additional 106 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Lincoln Electric during the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 79.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LECO shares. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus raised their price target on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley raised their price target on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Barclays raised their price target on Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, KeyCorp decreased their price target on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $206.40.

Lincoln Electric Trading Down 1.5%

Shares of NASDAQ LECO traded down $2.89 during midday trading on Friday, hitting $191.52. The stock had a trading volume of 267,957 shares, compared to its average volume of 330,510. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $222.52. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $186.05 and a 200 day moving average price of $195.23.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). The company had revenue of $365.45 million for the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business's revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.23 earnings per share. On average, analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, June 30th. Lincoln Electric's dividend payout ratio (DPR) is presently 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.