Marcum Wealth LLC Has $530,000 Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Marcum Wealth LLC reduced its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 38.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the industrial products company's stock after selling 1,769 shares during the quarter. Marcum Wealth LLC's holdings in Lincoln Electric were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LECO. Vanguard Group Inc. grew its holdings in Lincoln Electric by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,601,734 shares of the industrial products company's stock worth $1,050,157,000 after buying an additional 18,805 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Lincoln Electric by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,735,527 shares of the industrial products company's stock worth $325,359,000 after purchasing an additional 234,515 shares in the last quarter. Norges Bank bought a new position in shares of Lincoln Electric in the fourth quarter worth $307,344,000. Geode Capital Management LLC grew its stake in shares of Lincoln Electric by 2.6% in 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 purchasing an additional 31,033 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Lincoln Electric by 5.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,163,119 shares of the industrial products company's stock valued at $218,050,000 after buying an additional 65,154 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ LECO traded down $0.06 during midday trading on Friday, reaching $195.27. The company's stock had a trading volume of 552,656 shares, compared to its average volume of 326,874. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $222.52. The company has a 50 day moving average price of $185.98 and a 200 day moving average price of $194.67. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced 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). The company had revenue of $365.45 million for the quarter, compared to analyst estimates 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 last year, the firm earned $2.23 earnings per share. On average, equities research analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.54%. Lincoln Electric's payout ratio is presently 36.99%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird cut their target price on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. KeyCorp cut 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. Finally, Barclays boosted their price objective on Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $206.40.

About Lincoln Electric

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.