Beacon Financial Advisory LLC Has $422,000 Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Beacon Financial Advisory LLC lessened its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 69.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,233 shares of the industrial products company's stock after selling 4,968 shares during the period. Beacon Financial Advisory LLC's holdings in Lincoln Electric were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new position in shares of Lincoln Electric in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp grew its position in shares of Lincoln Electric by 255.1% in the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 125 shares during the period. Wood Tarver Financial Group LLC bought a new stake in shares of Lincoln Electric during the 4th quarter worth about $68,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lincoln Electric during the 4th quarter worth about $76,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Lincoln Electric by 22.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the industrial products company's stock worth $86,000 after buying an additional 84 shares during the period. Institutional investors own 79.61% of the company's stock.

Lincoln Electric Stock Performance

NASDAQ LECO traded down $2.11 during trading on Friday, reaching $209.27. The company's stock had a trading volume of 1,389,876 shares, compared to its average volume of 319,001. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 12 month low of $161.11 and a 12 month high of $222.52. The firm has a 50 day moving average price of $194.24 and a 200 day moving average price of $193.37.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.44% and a return on equity of 39.44%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 EPS. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's dividend payout ratio is currently 36.99%.

Analyst Ratings Changes

Several brokerages recently commented on LECO. Morgan Stanley lifted their target price on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday. KeyCorp reduced their target price on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Robert W. Baird reduced their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their target price on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $206.40.

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.