Tributary Capital Management LLC Takes $810,000 Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Tributary Capital Management LLC acquired a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,282 shares of the industrial products company's stock, valued at approximately $810,000.

Several other large investors have also made changes to their positions in LECO. 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 purchasing an additional 125 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in Lincoln Electric in the fourth quarter valued at about $68,000. Signaturefd LLC increased its holdings in Lincoln Electric by 77.1% in the first quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 185 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Lincoln Electric by 22.2% in the fourth quarter. Covestor Ltd now owns 517 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company's stock.

Lincoln Electric Stock Up 1.8%

Shares of NASDAQ:LECO traded up $3.96 during mid-day trading on Thursday, reaching $222.78. 292,351 shares of the stock were exchanged, compared to its average volume of 321,768. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.44 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.61 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $225.25. The stock's 50 day simple moving average is $204.47 and its 200-day simple moving average is $195.68.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). The firm 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 39.44% and a net margin of 11.44%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. As a group, equities research analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.35%. Lincoln Electric's dividend payout ratio (DPR) is presently 36.99%.

Analyst Ratings Changes

A number of equities research analysts recently commented on LECO shares. Morgan Stanley upped their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus increased their price target on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wall Street Zen downgraded Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday, June 27th. KeyCorp increased their price target on Lincoln Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Robert W. Baird lowered their price target on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $211.40.

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.