Strategic Wealth Partners Ltd. bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the industrial products company's stock, valued at approximately $337,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in Lincoln Electric in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp increased its holdings in Lincoln Electric by 255.1% in the fourth 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 during the last quarter. V Square Quantitative Management LLC increased its holdings in Lincoln Electric by 54.1% in the fourth 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 during the last quarter. UMB Bank n.a. increased its holdings in Lincoln Electric by 37.5% in the fourth 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 during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Lincoln Electric in the fourth quarter valued at about $76,000. 79.61% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Lincoln Electric
In other news, CEO Steven B. Hedlund sold 21,054 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the completion of the transaction, the chief executive officer now directly owns 54,660 shares in the company, valued at approximately $11,777,590.20. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.63% of the company's stock.
Analyst Ratings Changes
Several analysts recently weighed in on LECO shares. Stifel Nicolaus boosted their price objective on Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, May 1st. StockNews.com raised Lincoln Electric from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Robert W. Baird decreased their target price on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Barclays lifted their target price on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, 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 note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.17.
Check Out Our Latest Research Report on Lincoln Electric
Lincoln Electric Stock Performance
Shares of LECO stock opened at $201.45 on Tuesday. 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 50 day moving average of $185.56 and a two-hundred day moving average of $195.63. The company has a market cap of $11.25 billion, a P/E ratio of 24.72, a PEG ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $229.00.
Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (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 analyst estimates of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. As a group, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.
Lincoln Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given 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 dividend yield of 1.49%. Lincoln Electric's dividend payout ratio is presently 36.99%.
Lincoln Electric Profile
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Free Report)
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.
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