Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Decreased by Keybank National Association OH

Keybank National Association OH cut its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,923 shares of the industrial products company's stock after selling 8,010 shares during the quarter. Keybank National Association OH owned about 1.25% of Lincoln Electric worth $132,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LECO. Mizuho Bank Ltd. purchased a new stake in Lincoln Electric during the 4th quarter worth $30,000. Jones Financial Companies Lllp increased its position in shares of 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 during the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Lincoln Electric in the fourth quarter worth about $68,000. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 boosted its holdings in Lincoln Electric by 22.2% in the fourth 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. Institutional investors and hedge funds own 79.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LECO shares. Robert W. Baird cut 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. 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. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen cut shares of Lincoln Electric from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Lincoln Electric has a consensus rating of "Hold" and an average price target of $206.40.

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO traded up $2.27 on Friday, reaching $216.12. 257,398 shares of the company's stock were exchanged, compared to its average volume of 321,808. Lincoln Electric Holdings, Inc. has a fifty-two week low of $161.11 and a fifty-two week high of $222.52. The business's 50-day moving average is $197.46 and its two-hundred day moving average is $193.78. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The firm has a market capitalization 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 issued its 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 business's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.23 EPS. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's dividend payout ratio is presently 36.99%.

Lincoln Electric Company 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.