MassMutual Private Wealth & Trust FSB Buys 5,358 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

MassMutual Private Wealth & Trust FSB boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,314 shares of the industrial products company's stock after acquiring an additional 5,358 shares during the quarter. MassMutual Private Wealth & Trust FSB owned 0.16% of Lincoln Electric worth $16,895,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LECO. Mizuho Bank Ltd. bought a new position in Lincoln Electric in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted its position 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 worth $33,000 after buying an additional 125 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Lincoln Electric by 54.1% during the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock worth $56,000 after buying an additional 105 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in shares of Lincoln Electric in the 4th quarter worth approximately $68,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lincoln Electric in the 4th quarter worth approximately $76,000. Institutional investors own 79.61% of the company's stock.

Analysts Set New Price Targets

LECO has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Barclays boosted 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. Stifel Nicolaus boosted their price target on shares of Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. KeyCorp cut their target price on shares of 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, Wall Street Zen upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. One equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.40.

Lincoln Electric Trading Down 0.0%

Lincoln Electric stock traded down $0.06 during mid-day trading on Friday, hitting $195.27. The company's stock had a trading volume of 552,656 shares, compared to its average volume of 328,260. 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 stock 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. The business has a 50 day moving average price of $185.98 and a 200-day moving average price of $194.78. Lincoln Electric Holdings, Inc. has a 12 month low of $161.11 and a 12 month high of $222.52.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.06). The business had revenue of $365.45 million during the quarter, compared to the consensus estimate of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business'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 earnings per share. As a group, analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's dividend payout ratio (DPR) 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.