Quantinno Capital Management LP Raises Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Quantinno Capital Management LP grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,739 shares of the industrial products company's stock after acquiring an additional 1,707 shares during the period. Quantinno Capital Management LP's holdings in Lincoln Electric were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Lincoln Electric by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,199 shares of the industrial products company's stock valued at $3,974,000 after purchasing an additional 53 shares during the period. Fifth Third Bancorp lifted its position in shares of Lincoln Electric by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company's stock worth $326,000 after purchasing an additional 54 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Lincoln Electric by 7.5% in the fourth quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock worth $151,000 after purchasing an additional 56 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Lincoln Electric by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company's stock worth $1,813,000 after purchasing an additional 70 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in Lincoln Electric by 1.6% during the fourth quarter. Moors & Cabot Inc. now owns 4,644 shares of the industrial products company's stock worth $871,000 after acquiring an additional 75 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Stock Up 2.4%

NASDAQ LECO traded up $4.68 during mid-day trading on Tuesday, hitting $196.20. The company's stock had a trading volume of 147,662 shares, compared to its average volume of 329,857. The company's 50 day simple moving average is $185.99 and its 200 day simple moving average is $195.08. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.51 and a beta of 1.18.

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 firm had revenue of $365.45 million for the quarter, compared to analysts' expectations of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. Lincoln Electric's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 earnings per share. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, June 30th. Lincoln Electric's dividend payout ratio is 36.99%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley increased their price objective on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Robert W. Baird reduced their price target on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Barclays raised their price target on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, KeyCorp reduced their price target on shares of 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.