Cambiar Investors LLC Trims Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Key Points

• Cambiar Investors LLC trimmed its stake in Lincoln Electric by 26.8% in Q4, selling 6,607 shares and finishing the quarter with 18,005 shares valued at $4.315 million.
• Lincoln Electric reported Q earnings of $2.65 EPS (beating estimates by $0.12) with revenue up 5.5% year‑over‑year, announced a quarterly dividend of $0.79 ($3.16 annual, 1.2% yield; ex‑dividend Mar 31, payable Apr 15), and holds a consensus analyst rating of "Hold" with an average target of $291.14.

Cambiar Investors LLC trimmed its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,005 shares of the industrial products company's stock after selling 6,607 shares during the quarter. Cambiar Investors LLC's holdings in Lincoln Electric were worth $4,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LECO. Quent Capital LLC purchased a new stake in shares of Lincoln Electric in the third quarter worth approximately $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Lincoln Electric by 3,700.0% in the third quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company's stock worth $27,000 after buying an additional 111 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Lincoln Electric in the third quarter worth approximately $31,000. SJS Investment Consulting Inc. raised its holdings in shares of Lincoln Electric by 3,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company's stock worth $47,000 after buying an additional 193 shares during the period. Finally, Eastern Bank raised its holdings in shares of Lincoln Electric by 109.4% in the third quarter. Eastern Bank now owns 201 shares of the industrial products company's stock worth $47,000 after buying an additional 105 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric Stock Up 0.1%

Shares of NASDAQ LECO opened at $256.26 on Friday. 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 $14.05 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.59 and a beta of 1.28. The stock's fifty day simple moving average is $269.62 and its two-hundred day simple moving average is $251.17. Lincoln Electric Holdings, Inc. has a 12-month low of $169.69 and a 12-month high of $310.00.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its earnings results on Thursday, February 12th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.09 billion. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.57 EPS. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Lincoln Electric's dividend payout ratio (DPR) is 33.91%.

Analyst Ratings Changes

LECO has been the topic of several research analyst reports. Weiss Ratings cut Lincoln Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, March 31st. Wall Street Zen cut Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. KeyCorp increased their price objective on Lincoln Electric from $280.00 to $340.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Roth Mkm reissued a "buy" rating and issued a $297.00 price objective (up from $285.00) on shares of Lincoln Electric in a research note on Tuesday, February 3rd. Finally, Stifel Nicolaus dropped their price objective on Lincoln Electric from $300.00 to $264.00 and set a "hold" rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lincoln Electric presently has a consensus rating of "Hold" and an average target price of $291.14.

Lincoln Electric Profile

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.

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