Parr Mcknight Wealth Management Group LLC Purchases Shares of 4,525 Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

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

Several other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Lincoln Electric by 0.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,199 shares of the industrial products company's stock worth $3,974,000 after acquiring an additional 53 shares during the period. Fifth Third Bancorp grew its position in Lincoln Electric by 3.2% in the 4th 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 during the last quarter. IFP Advisors Inc grew its position in Lincoln Electric by 7.5% in the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock worth $151,000 after purchasing an additional 56 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Lincoln Electric by 0.7% in the 4th 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 during the last quarter. Finally, Moors & Cabot Inc. grew its position in Lincoln Electric by 1.6% in the 4th quarter. Moors & Cabot Inc. now owns 4,644 shares of the industrial products company's stock worth $871,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 79.61% of the company's stock.

Wall Street Analyst Weigh In

LECO has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. KeyCorp decreased their target price on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley lifted 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 upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Robert W. Baird decreased their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has an average rating of "Moderate Buy" and an average target price of $206.40.

Lincoln Electric Price Performance

Shares of Lincoln Electric stock traded up $1.47 during trading on Thursday, hitting $193.91. 104,379 shares of the company's stock traded hands, compared to its average volume of 328,452. 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 firm's fifty day moving average price is $186.04 and its 200 day moving average price is $195.07. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52. The company has a market cap of $10.83 billion, a PE ratio of 23.83, a PEG ratio of 1.51 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly 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 firm had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. Lincoln Electric's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 earnings per share. Analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Announces Dividend

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