CM Wealth Advisors LLC Has $29.58 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

CM Wealth Advisors LLC cut its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,744 shares of the industrial products company's stock after selling 4,110 shares during the period. Lincoln Electric comprises about 9.5% of CM Wealth Advisors LLC's portfolio, making the stock its 3rd largest position. CM Wealth Advisors LLC owned approximately 0.28% of Lincoln Electric worth $29,577,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CNB Bank lifted its position in Lincoln Electric by 29.8% in the 1st quarter. CNB Bank now owns 2,391 shares of the industrial products company's stock valued at $452,000 after acquiring an additional 549 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Lincoln Electric by 2.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,293 shares of the industrial products company's stock valued at $623,000 after acquiring an additional 77 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in Lincoln Electric by 67.0% in the 1st quarter. Daymark Wealth Partners LLC now owns 6,446 shares of the industrial products company's stock valued at $1,219,000 after acquiring an additional 2,585 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Lincoln Electric in the 1st quarter valued at $1,763,000. Finally, Berry Wealth Group LP bought a new stake in Lincoln Electric in the 1st quarter valued at $217,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LECO has been the topic of several research reports. Wall Street Zen cut shares of Lincoln Electric from a "buy" rating to a "hold" rating in a research report on Friday. Robert W. Baird lowered their price target on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. KeyCorp lowered their price target on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Electric currently has an average rating of "Hold" and an average price target of $206.40.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded down $2.11 during trading on Friday, hitting $209.27. 1,389,876 shares of the stock were exchanged, compared to its average volume of 319,001. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The company has a fifty day moving average price of $194.24 and a 200-day moving average price of $193.37. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $222.52. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data 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). The firm 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 39.44% and a net margin of 11.44%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. As a group, equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Lincoln Electric's dividend payout ratio is presently 36.99%.

About Lincoln Electric

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.