Alamea Verwaltungs GmbH Invests $543,000 in Lincoln Electric Holdings, Inc. $LECO

Key Points

• Alamea Verwaltungs GmbH has initiated a new investment in Lincoln Electric Holdings, purchasing 2,869 shares valued at approximately $543,000.
• Lincoln Electric recently reported quarterly earnings of $2.60 per share, surpassing analysts' expectations, with revenue reaching $1.09 billion.
• The company announced a quarterly dividend of $0.75 per share, representing a 1.2% dividend yield, to be paid on October 15th.

Alamea Verwaltungs GmbH purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,869 shares of the industrial products company's stock, valued at approximately $543,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group raised its stake in shares of Lincoln Electric by 279.6% in the 1st quarter. Brooklyn Investment Group now owns 353 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 260 shares during the period. Wood Tarver Financial Group LLC purchased a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $68,000. Signaturefd LLC raised its stake in shares of Lincoln Electric by 77.1% in the 1st quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock valued at $80,000 after acquiring an additional 185 shares during the period. YANKCOM Partnership raised its stake in shares of Lincoln Electric by 12.2% in the 1st quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock valued at $105,000 after acquiring an additional 60 shares during the period. Finally, Curat Global LLC purchased a new stake in shares of Lincoln Electric in the 1st quarter valued at approximately $110,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Lincoln Electric from $236.00 to $250.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Lincoln Electric from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. KeyCorp upped their target price on shares of Lincoln Electric from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Morgan Stanley lifted their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $231.40.

Lincoln Electric Stock Down 0.5%

Shares of Lincoln Electric stock traded down $1.11 during trading hours on Wednesday, hitting $240.85. The company had a trading volume of 235,998 shares, compared to its average volume of 262,161. The company's 50-day moving average is $230.90 and its two-hundred day moving average is $206.02. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $249.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 1.08. The company has a market cap of $13.29 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.28. Lincoln Electric had a net margin of 12.27% and a return on equity of 39.79%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Lincoln Electric's dividend payout ratio is currently 33.71%.

Insiders Place Their Bets

In related news, EVP Jennifer I. Ansberry sold 3,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $242.18, for a total transaction of $726,540.00. Following the completion of the sale, the executive vice president owned 19,173 shares in the company, valued at $4,643,317.14. This represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gabriel Bruno sold 7,305 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $242.42, for a total transaction of $1,770,878.10. Following the sale, the executive vice president owned 29,927 shares of the company's stock, valued at approximately $7,254,903.34. This represents a 19.62% decrease in their position. The disclosure for this sale can be found here. 2.41% of the stock is owned by corporate insiders.

Lincoln Electric 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.