Fiera Capital Corp Purchases 3,589 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Fiera Capital Corp increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,096 shares of the industrial products company's stock after purchasing an additional 3,589 shares during the period. Fiera Capital Corp owned 0.34% of Lincoln Electric worth $35,580,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LECO. Mizuho Bank Ltd. acquired a new position in shares of Lincoln Electric in the 4th quarter worth $30,000. Wood Tarver Financial Group LLC acquired a new position in Lincoln Electric in the 4th quarter valued at approximately $68,000. Signaturefd LLC raised its holdings in shares of Lincoln Electric by 77.1% in the 1st 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. Covestor Ltd raised its holdings in shares of Lincoln Electric by 22.2% in the 4th quarter. Covestor Ltd now owns 517 shares of the industrial products company's stock worth $97,000 after buying an additional 94 shares in the last quarter. Finally, YANKCOM Partnership increased its holdings in Lincoln Electric by 12.2% during the 1st quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock valued at $105,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 79.61% of the company's stock.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO traded down $2.36 during trading on Friday, hitting $241.14. 517,996 shares of the company were exchanged, compared to its average volume of 352,611. The business's 50 day moving average is $210.36 and its 200-day moving average is $198.46. The company has a market capitalization of $13.46 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $244.30.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.28. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. Lincoln Electric's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 earnings per share. Equities analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Lincoln Electric's dividend payout ratio is 36.99%.

Analyst Ratings Changes

Several research firms have recently commented on LECO. Robert W. Baird lowered their target price on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Morgan Stanley lifted their price target on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded Lincoln Electric from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. KeyCorp boosted their target price on shares of Lincoln Electric from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price target on Lincoln Electric from $236.00 to $250.00 and gave the company a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $231.40.

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.