ProShare Advisors LLC increased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 174,275 shares of the industrial products company's stock after buying an additional 10,784 shares during the period. ProShare Advisors LLC owned 0.31% of Lincoln Electric worth $32,671,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Lincoln Electric by 7.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,961 shares of the industrial products company's stock worth $377,000 after purchasing an additional 135 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Lincoln Electric by 40.8% in the 4th quarter. Park Avenue Securities LLC now owns 2,476 shares of the industrial products company's stock worth $464,000 after purchasing an additional 718 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Lincoln Electric by 8.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,874 shares of the industrial products company's stock worth $351,000 after purchasing an additional 149 shares in the last quarter. Albert D Mason Inc. lifted its stake in Lincoln Electric by 3.1% in the 4th quarter. Albert D Mason Inc. now owns 6,390 shares of the industrial products company's stock worth $1,198,000 after purchasing an additional 191 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Lincoln Electric by 44.9% in the 4th quarter. Diversify Wealth Management LLC now owns 2,490 shares of the industrial products company's stock worth $449,000 after purchasing an additional 772 shares in the last quarter. 79.61% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on LECO. Robert W. Baird lowered their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Barclays lifted their price objective on shares of Lincoln Electric from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. KeyCorp dropped their price objective on shares of Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has an average rating of "Moderate Buy" and an average price target of $216.17.
Check Out Our Latest Analysis on Lincoln Electric
Insiders Place Their Bets
In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $215.47, for a total value of $4,536,505.38. Following the sale, the chief executive officer now owns 54,660 shares of the company's stock, valued at $11,777,590.20. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.63% of the company's stock.
Lincoln Electric Price Performance
Shares of NASDAQ:LECO opened at $203.01 on Friday. The stock has a market cap of $11.33 billion, a PE ratio of 24.91, a PEG ratio of 1.51 and a beta of 1.18. The company's fifty day moving average is $185.34 and its 200 day moving average is $195.62. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $229.00. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87.
Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). The business had revenue of $365.45 million during the quarter, compared to analysts' expectations of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. Lincoln Electric's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 EPS. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.
Lincoln Electric Announces Dividend
The company 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric's dividend payout ratio (DPR) is presently 36.99%.
Lincoln Electric Company 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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