2,940 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Bought by Woodline Partners LP

Woodline Partners LP acquired a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,940 shares of the industrial products company's stock, valued at approximately $551,000.

A number of other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of 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 buying an additional 53 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Lincoln Electric by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company's stock valued at $326,000 after purchasing an additional 54 shares during the period. IFP Advisors Inc lifted its stake in shares of Lincoln Electric by 7.5% in the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock valued at $151,000 after purchasing an additional 56 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of 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 valued at $1,813,000 after purchasing an additional 70 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Lincoln Electric by 1.6% in the 4th quarter. Moors & Cabot Inc. now owns 4,644 shares of the industrial products company's stock valued at $871,000 after purchasing an additional 75 shares during the period. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Stock Down 0.0%

NASDAQ:LECO traded down $0.06 during trading hours on Friday, reaching $195.27. 552,656 shares of the company traded hands, compared to its average volume of 326,874. The business's 50-day moving average price is $185.98 and its two-hundred day moving average price is $194.67. The stock has a market capitalization of $10.90 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $222.52. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced 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 company had revenue of $365.45 million for the quarter, compared to analysts' expectations of $974.39 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. 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 firm posted $2.23 EPS. Analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, June 30th. Lincoln Electric's dividend payout ratio is currently 36.99%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LECO shares. KeyCorp lowered 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. Robert W. Baird lowered 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. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Barclays raised 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, Morgan Stanley lifted their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lincoln Electric presently has an average rating of "Moderate Buy" and a consensus target price of $206.40.

Lincoln Electric 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.