Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Position Raised by CM Wealth Advisors LLC

CM Wealth Advisors LLC increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 25,909.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,942 shares of the industrial products company's stock after acquiring an additional 178,254 shares during the quarter. Lincoln Electric comprises about 16.8% of CM Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest holding. CM Wealth Advisors LLC owned approximately 0.31% of Lincoln Electric worth $39,040,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LECO. Contravisory Investment Management Inc. acquired a new stake in Lincoln Electric during the fourth quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. grew its stake in Lincoln Electric by 43.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company's stock worth $36,000 after buying an additional 50 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in Lincoln Electric by 81.1% during the third quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company's stock worth $31,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC grew its stake in Lincoln Electric by 46.9% during the fourth quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company's stock worth $41,000 after buying an additional 60 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Lincoln Electric by 151.6% during the third quarter. First Horizon Advisors Inc. now owns 239 shares of the industrial products company's stock worth $43,000 after buying an additional 144 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the transaction, the senior vice president now owns 9,150 shares in the company, valued at approximately $2,308,819.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the completion of the sale, the chief financial officer now owns 22,402 shares of the company's stock, valued at approximately $5,554,575.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Geoffrey P. Allman sold 3,306 shares of Lincoln Electric stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the sale, the senior vice president now directly owns 9,150 shares of the company's stock, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Lincoln Electric Trading Down 2.5 %

Lincoln Electric stock traded down $5.60 during mid-day trading on Tuesday, hitting $219.53. 426,525 shares of the stock were exchanged, compared to its average volume of 287,205. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13. The firm's fifty day simple moving average is $247.73 and its two-hundred day simple moving average is $220.50. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.59 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.08. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. The firm had revenue of $981.20 million during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $2.13 EPS. The company's revenue was down 5.6% compared to the same quarter last year. Analysts forecast that Lincoln Electric Holdings, Inc. will post 9.65 EPS for the current year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 1.29%. Lincoln Electric's payout ratio is 30.15%.

Analysts Set New Price Targets

LECO has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Lincoln Electric from $257.00 to $252.00 and set an "outperform" rating on the stock in a research note on Friday. Oppenheimer restated a "market perform" rating on shares of Lincoln Electric in a research note on Monday. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a "hold" rating on the stock in a research note on Friday. Morgan Stanley started coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They issued an "underweight" rating and a $178.00 price target on the stock. Finally, KeyCorp raised their price objective on shares of Lincoln Electric from $232.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $221.86.

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.