Commerce Bank Invests $603,000 in Lincoln Electric Holdings, Inc. $LECO

Commerce Bank bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,044 shares of the industrial products company's stock, valued at approximately $603,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Lincoln Electric in the 4th quarter valued at about $27,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Lincoln Electric during the second quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Lincoln Electric during the fourth quarter worth approximately $46,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Lincoln Electric in the second quarter valued at approximately $48,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Lincoln Electric by 980.8% during the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company's stock worth $53,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 79.61% of the company's stock.

Lincoln Electric Stock Down 0.1%

Shares of LECO opened at $289.73 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $216.22 and a 12 month high of $310.00. The firm's 50 day moving average is $267.18 and its 200-day moving average is $265.97. The stock has a market capitalization of $15.79 billion, a PE ratio of 28.94, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 earnings per share. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 11.13 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric's dividend payout ratio (DPR) is 31.57%.

Insiders Place Their Bets

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of Lincoln Electric stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total value of $232,214.45. Following the completion of the transaction, the executive vice president directly owned 9,319 shares of the company's stock, valued at $2,560,954.39. The trade was a 8.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LECO shares. Stifel Nicolaus set a $275.00 price target on Lincoln Electric in a report on Friday, May 1st. Weiss Ratings raised Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 10th. Morgan Stanley upgraded Lincoln Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. DA Davidson assumed coverage on Lincoln Electric in a report on Tuesday, June 16th. They set a "buy" rating and a $320.00 target price for the company. Finally, Wall Street Zen raised shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.22.

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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