FSM Wealth Advisors LLC Cuts Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

FSM Wealth Advisors LLC decreased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 32.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,209 shares of the industrial products company's stock after selling 4,919 shares during the period. FSM Wealth Advisors LLC's holdings in Lincoln Electric were worth $1,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mizuho Bank Ltd. purchased a new stake in shares of Lincoln Electric in the 4th quarter worth about $30,000. Jones Financial Companies Lllp boosted its stake in Lincoln Electric by 255.1% during the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock worth $33,000 after acquiring an additional 125 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in Lincoln Electric during the fourth quarter worth about $68,000. Steward Partners Investment Advisory LLC boosted its holdings in Lincoln Electric by 22.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the industrial products company's stock worth $86,000 after acquiring an additional 84 shares in the last quarter. Finally, Covestor Ltd grew its position in Lincoln Electric by 22.2% during the 4th quarter. Covestor Ltd now owns 517 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company's stock.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded up $2.27 on Friday, hitting $216.12. 257,398 shares of the company's stock were exchanged, compared to its average volume of 321,410. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $222.52. The company has a 50-day simple moving average of $196.86 and a 200-day simple moving average of $193.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.19 and a current ratio of 1.78. The stock has a market capitalization of $12.07 billion, a PE ratio of 26.65, a PEG ratio of 1.58 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The company had revenue of $365.45 million during the quarter, compared to analysts' expectations of $974.39 million. During the same quarter in the previous year, the company earned $2.23 EPS. The business's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current 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 $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, June 30th. Lincoln Electric's dividend payout ratio is currently 36.99%.

Analyst Ratings Changes

LECO has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Morgan Stanley boosted their price objective 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. Robert W. Baird dropped their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered shares of Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, KeyCorp dropped their price target on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Lincoln Electric presently has a consensus rating of "Hold" and a consensus 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.