Daymark Wealth Partners LLC Has $1.22 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Daymark Wealth Partners LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 67.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,446 shares of the industrial products company's stock after buying an additional 2,585 shares during the quarter. Daymark Wealth Partners LLC's holdings in Lincoln Electric were worth $1,219,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in Lincoln Electric by 0.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,199 shares of the industrial products company's stock valued at $3,974,000 after acquiring an additional 53 shares during the period. IFP Advisors Inc increased its position in Lincoln Electric by 7.5% during the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock worth $151,000 after buying an additional 56 shares during the period. Park Avenue Securities LLC increased its position in Lincoln Electric by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 2,541 shares of the industrial products company's stock worth $481,000 after buying an additional 65 shares during the period. Moors & Cabot Inc. increased its position in Lincoln Electric by 1.6% during the 4th quarter. Moors & Cabot Inc. now owns 4,644 shares of the industrial products company's stock worth $871,000 after buying an additional 75 shares during the period. Finally, AXQ Capital LP increased its position in Lincoln Electric by 2.9% during the 4th quarter. AXQ Capital LP now owns 2,870 shares of the industrial products company's stock worth $538,000 after buying an additional 81 shares during the period. Institutional investors own 79.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Barclays raised their price target on Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. KeyCorp decreased their price target on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Robert W. Baird decreased their price target on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $206.40.

Lincoln Electric Price Performance

NASDAQ:LECO traded down $3.10 during trading hours on Friday, hitting $201.27. The company's stock had a trading volume of 447,965 shares, compared to its average volume of 322,646. The stock has a fifty day simple moving average of $189.00 and a 200-day simple moving average of $194.09. The company has a market capitalization of $11.24 billion, a P/E ratio of 24.70, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52.

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 business had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $2.23 earnings per share. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's dividend payout ratio (DPR) 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.