Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Purchased by Absher Wealth Management LLC

Absher Wealth Management LLC grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,442 shares of the industrial products company's stock after acquiring an additional 24,416 shares during the period. Lincoln Electric accounts for about 4.6% of Absher Wealth Management LLC's investment portfolio, making the stock its 3rd biggest position. Absher Wealth Management LLC owned approximately 0.33% of Lincoln Electric worth $34,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Lincoln Electric by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,601,734 shares of the industrial products company's stock worth $1,050,157,000 after acquiring an additional 18,805 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Lincoln Electric by 15.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,735,527 shares of the industrial products company's stock worth $325,359,000 after acquiring an additional 234,515 shares during the last quarter. Norges Bank bought a new stake in shares of Lincoln Electric during the fourth quarter worth $307,344,000. Geode Capital Management LLC raised its position in shares of Lincoln Electric by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,235,582 shares of the industrial products company's stock worth $231,691,000 after acquiring an additional 31,033 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Lincoln Electric by 5.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,163,119 shares of the industrial products company's stock worth $218,050,000 after acquiring an additional 65,154 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Trading Up 0.1%

Shares of Lincoln Electric stock traded up $0.12 during trading on Friday, reaching $201.20. 707,506 shares of the company were exchanged, compared to its average volume of 317,645. 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 twelve month low of $161.11 and a twelve month high of $222.52. The business has a 50-day moving average price of $191.28 and a 200-day moving average price of $193.29. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.48 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted 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). Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The business had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same period in the previous year, the firm posted $2.23 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.49%. Lincoln Electric's payout ratio is 36.99%.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. KeyCorp dropped their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Robert W. Baird decreased their price objective 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. Finally, Stifel Nicolaus lifted their price objective on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" 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.