Daymark Wealth Partners LLC Boosts Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Daymark Wealth Partners LLC increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 67.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,446 shares of the industrial products company's stock after acquiring an additional 2,585 shares during the period. Daymark Wealth Partners LLC's holdings in Lincoln Electric were worth $1,219,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LECO. Mizuho Bank Ltd. bought a new stake in shares of Lincoln Electric in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in shares of Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock valued at $33,000 after buying an additional 125 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Lincoln Electric by 54.1% during the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock worth $56,000 after buying an additional 105 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Lincoln Electric during the 4th quarter valued at about $68,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lincoln Electric during the 4th quarter worth approximately $76,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Stock Up 0.5%

Shares of NASDAQ LECO traded up $1.06 during mid-day trading on Tuesday, reaching $204.05. The company had a trading volume of 291,674 shares, compared to its average volume of 325,760. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $222.52. The stock has a market cap of $11.39 billion, a P/E ratio of 25.04, a PEG ratio of 1.51 and a beta of 1.20. The firm has a 50 day simple moving average of $186.48 and a two-hundred day simple moving average of $194.17.

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

Lincoln Electric Announces Dividend

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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, June 30th. Lincoln Electric's dividend payout ratio is presently 36.99%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LECO. KeyCorp reduced their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Morgan Stanley lifted their target price on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Barclays increased their price objective on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price objective on shares of Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.40.

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.