Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Position Raised by Threadgill Financial LLC

Threadgill Financial LLC raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 246.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,217 shares of the industrial products company's stock after purchasing an additional 3,000 shares during the quarter. Lincoln Electric accounts for approximately 0.4% of Threadgill Financial LLC's investment portfolio, making the stock its 28th largest holding. Threadgill Financial LLC's holdings in Lincoln Electric were worth $798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mizuho Bank Ltd. purchased a new position in shares of Lincoln Electric during the fourth quarter valued at $30,000. Jones Financial Companies Lllp grew its stake in shares of Lincoln Electric by 255.1% during the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock worth $33,000 after acquiring an additional 125 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Lincoln Electric by 54.1% during the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock worth $56,000 after acquiring an additional 105 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $68,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $76,000. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Stock Performance

LECO traded up $2.71 during trading on Friday, hitting $201.44. The stock had a trading volume of 312,863 shares, compared to its average volume of 325,760. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. The firm has a market capitalization of $11.25 billion, a P/E ratio of 24.72, a PEG ratio of 1.51 and a beta of 1.20. The company's 50-day moving average price is $186.32 and its 200 day moving average price is $194.40. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52.

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). Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The firm had revenue of $365.45 million for the quarter, compared to analyst estimates of $974.39 million. During the same period in the prior year, the firm posted $2.23 earnings per share. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued 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 dividend yield of 1.49%. Lincoln Electric's dividend payout ratio (DPR) is presently 36.99%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their target price on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Barclays upped their target price on Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Stifel Nicolaus increased their price objective on Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, KeyCorp reduced their price target on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.40.

About Lincoln Electric

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.