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

Quantinno Capital Management LP raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LECO. Mizuho Bank Ltd. purchased a new position in shares of Lincoln Electric during the fourth quarter worth $30,000. Jones Financial Companies Lllp raised its stake in shares of Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock valued at $33,000 after buying an additional 125 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Lincoln Electric by 54.1% in the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock valued at $56,000 after buying an additional 105 shares during the period. UMB Bank n.a. boosted its stake in shares of Lincoln Electric by 37.5% in the fourth quarter. UMB Bank n.a. now owns 389 shares of the industrial products company's stock worth $73,000 after buying an additional 106 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lincoln Electric in the fourth quarter worth about $76,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

NASDAQ LECO traded down $2.71 on Wednesday, hitting $193.56. The company had a trading volume of 23,254 shares, compared to its average volume of 329,389. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25. The company has a market capitalization of $10.81 billion, a PE ratio of 23.80, a PEG ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12-month low of $161.11 and a 12-month high of $222.52. The company's fifty day moving average price is $186.03 and its 200-day moving average price is $195.09.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). The company 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%. The firm'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, analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.75 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.55%. Lincoln Electric's dividend payout ratio (DPR) is presently 36.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus increased their price target 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. 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 report on Tuesday, February 18th. Wall Street Zen upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, KeyCorp dropped their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One 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's stock. According to data from MarketBeat, Lincoln Electric has a consensus rating of "Moderate Buy" and a consensus 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.