FSM Wealth Advisors LLC Has $1.93 Million Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

FSM Wealth Advisors LLC lessened its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,209 shares of the industrial products company's stock after selling 4,919 shares during the quarter. FSM Wealth Advisors LLC's holdings in Lincoln Electric were worth $1,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Barnes Pettey Financial Advisors LLC purchased a new position in shares of Lincoln Electric in the first quarter valued at $209,000. CNB Bank increased its position in shares of Lincoln Electric by 29.8% during the first quarter. CNB Bank now owns 2,391 shares of the industrial products company's stock worth $452,000 after acquiring an additional 549 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Lincoln Electric by 2.4% in the first quarter. Sequoia Financial Advisors LLC now owns 3,293 shares of the industrial products company's stock worth $623,000 after acquiring an additional 77 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in Lincoln Electric by 67.0% in the first quarter. Daymark Wealth Partners LLC now owns 6,446 shares of the industrial products company's stock valued at $1,219,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in Lincoln Electric during the 1st quarter valued at approximately $1,763,000. Hedge funds and other institutional investors own 79.61% of the company's stock.

Lincoln Electric Stock Performance

Lincoln Electric stock traded up $2.27 during mid-day trading on Friday, reaching $216.12. The company's stock had a trading volume of 257,398 shares, compared to its average volume of 321,808. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52. The business has a 50 day moving average price of $197.46 and a 200-day moving average price of $193.78. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.59 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly 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). The business had revenue of $365.45 million during the quarter, compared to the consensus estimate of $974.39 million. Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. Sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.39%. Lincoln Electric's payout ratio is 36.99%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LECO shares. Wall Street Zen lowered Lincoln Electric from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. KeyCorp cut their price target on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Morgan Stanley increased their price objective on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Robert W. Baird dropped their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.