Parr Mcknight Wealth Management Group LLC Purchases New Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,525 shares of the industrial products company's stock, valued at approximately $848,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mizuho Bank Ltd. bought a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its stake in shares of Lincoln Electric by 255.1% in 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 in the last quarter. V Square Quantitative Management LLC grew its stake 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 in the last quarter. UMB Bank n.a. grew its stake in shares of Lincoln Electric by 37.5% in the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company's stock valued at $73,000 after buying an additional 106 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $76,000. Institutional investors and hedge funds own 79.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LECO. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Saturday. 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 report on Thursday, May 1st. Morgan Stanley upped their target price 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 upped their target price on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Barclays upped their target price on Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $206.40.

Lincoln Electric Price Performance

Lincoln Electric stock traded up $4.75 during mid-day trading on Tuesday, hitting $196.27. 350,124 shares of the company were exchanged, compared to its average volume of 330,589. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $185.99 and a 200 day moving average of $195.08. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $222.52. The company has a market capitalization of $10.96 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). The business had revenue of $365.45 million for 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%. Lincoln Electric's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's payout ratio is presently 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.