Daymark Wealth Partners LLC Has $1.22 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Daymark Wealth Partners LLC lifted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 67.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,446 shares of the industrial products company's stock after purchasing an additional 2,585 shares during the quarter. Daymark Wealth Partners LLC's holdings in Lincoln Electric were worth $1,219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its position in shares of Lincoln Electric by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 4,712 shares of the industrial products company's stock worth $944,000 after buying an additional 218 shares during the period. Global Retirement Partners LLC boosted its position in shares of Lincoln Electric by 266.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,272 shares of the industrial products company's stock worth $238,000 after buying an additional 925 shares during the period. Wealthspire Advisors LLC bought a new position in Lincoln Electric in the 4th quarter valued at about $264,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Lincoln Electric during the 4th quarter valued at $1,539,000. Finally, IFP Advisors Inc grew its stake in shares of Lincoln Electric by 7.5% in the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock worth $151,000 after purchasing an additional 56 shares during the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LECO shares. Morgan Stanley boosted their price target 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. Stifel Nicolaus increased 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. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird reduced their price objective on shares of 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, KeyCorp decreased their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Lincoln Electric has an average rating of "Moderate Buy" and a consensus target price of $206.40.

Lincoln Electric Stock Performance

Lincoln Electric stock traded down $2.11 on Friday, hitting $209.27. The company's stock had a trading volume of 1,389,876 shares, compared to its average volume of 322,684. The firm has a market cap of $11.68 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a fifty day moving average price of $194.24 and a 200-day moving average price of $193.48. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $222.52. 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 (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $974.39 million. During the same quarter in the prior year, the company earned $2.23 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current 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 given a $0.75 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.43%. Lincoln Electric's payout ratio is 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.