Parr Mcknight Wealth Management Group LLC Buys 1,969 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Parr Mcknight Wealth Management Group LLC grew its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,494 shares of the industrial products company's stock after acquiring an additional 1,969 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Lincoln Electric were worth $1,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Lincoln Electric by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,199 shares of the industrial products company's stock valued at $3,974,000 after buying an additional 53 shares during the period. YANKCOM Partnership increased its position in shares of Lincoln Electric by 12.2% during the first quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock valued at $105,000 after buying an additional 60 shares during the period. Park Avenue Securities LLC increased its position in shares of Lincoln Electric by 2.6% during the first quarter. Park Avenue Securities LLC now owns 2,541 shares of the industrial products company's stock valued at $481,000 after buying an additional 65 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Lincoln Electric by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the industrial products company's stock valued at $2,183,000 after buying an additional 70 shares during the period. Finally, Greenleaf Trust increased its position in shares of Lincoln Electric by 3.0% during the first quarter. Greenleaf Trust now owns 2,521 shares of the industrial products company's stock valued at $477,000 after buying an additional 74 shares during the period. 79.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LECO has been the topic of a number of recent research reports. Morgan Stanley upped their price objective 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. Wall Street Zen cut shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Robert W. Baird cut their price objective on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus upped their price objective 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. Finally, KeyCorp cut their price objective on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $206.40.

Lincoln Electric Stock Down 0.3%

Shares of NASDAQ:LECO traded down $0.69 during trading on Friday, reaching $222.78. 259,841 shares of the stock traded hands, compared to its average volume of 323,710. The stock has a 50-day moving average of $201.43 and a two-hundred day moving average of $194.82. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $225.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.19 and a current ratio of 1.78. The stock has a market cap of $12.44 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted 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). Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The firm had revenue of $365.45 million for the quarter, compared to analysts' expectations of $974.39 million. During the same quarter in the previous year, the company earned $2.23 EPS. The company's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. 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.