4,355 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Bought by Entropy Technologies LP

Key Points

• Entropy Technologies LP has acquired a new stake in Lincoln Electric Holdings, Inc., purchasing 4,355 shares valued at approximately $824,000.
• Lincoln Electric recently announced a quarterly dividend of $0.75 per share, with an annualized yield of 1.2%, payable on October 15th.
• In its latest earnings report, Lincoln Electric beat consensus estimates with an EPS of $2.60 and reported a revenue of $1.09 billion for the quarter.

Entropy Technologies LP bought a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,355 shares of the industrial products company's stock, valued at approximately $824,000.

Other institutional investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new position in shares of Lincoln Electric in the fourth quarter worth about $68,000. Signaturefd LLC grew its position in Lincoln Electric by 77.1% during the first quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock worth $80,000 after buying an additional 185 shares in the last quarter. YANKCOM Partnership grew its position in Lincoln Electric by 12.2% during the first quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock worth $105,000 after buying an additional 60 shares in the last quarter. Curat Global LLC acquired a new stake in Lincoln Electric during the first quarter worth about $110,000. Finally, Parallel Advisors LLC grew its position in Lincoln Electric by 36.1% during the first quarter. Parallel Advisors LLC now owns 600 shares of the industrial products company's stock worth $113,000 after buying an additional 159 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

Insider Activity at Lincoln Electric

In other Lincoln Electric news, EVP Jennifer I. Ansberry sold 3,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $242.18, for a total transaction of $726,540.00. Following the completion of the sale, the executive vice president owned 19,173 shares in the company, valued at approximately $4,643,317.14. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gabriel Bruno sold 7,305 shares of Lincoln Electric stock in a transaction on Friday, August 8th. The stock was sold at an average price of $242.42, for a total value of $1,770,878.10. Following the sale, the executive vice president directly owned 29,927 shares of the company's stock, valued at approximately $7,254,903.34. This trade represents a 19.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LECO shares. Wall Street Zen raised Lincoln Electric from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus lifted their target price on Lincoln Electric from $236.00 to $250.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Robert W. Baird decreased their target price 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. Morgan Stanley lifted their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Finally, KeyCorp lifted their price objective on Lincoln Electric from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.40.

Lincoln Electric Price Performance

NASDAQ LECO traded down $1.84 during trading on Thursday, reaching $243.61. 237,764 shares of the company traded hands, compared to its average volume of 369,123. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.68. The stock's 50 day moving average price is $219.97 and its two-hundred day moving average price is $201.68. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.73 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $246.83.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.32 by $0.28. Lincoln Electric had a return on equity of 39.79% and a net margin of 12.27%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $2.34 EPS. Lincoln Electric's revenue was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 30th. Lincoln Electric's payout ratio is 33.71%.

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.