3,423 Lincoln Electric Holdings, Inc. $LECO Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 430.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,218 shares of the industrial products company’s stock after buying an additional 3,423 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Lincoln Electric were worth $1,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Lincoln Electric by 40.5% in the 2nd quarter. BlackRock Inc. now owns 18,561,962 shares of the industrial products company’s stock valued at $656,165,000 after purchasing an additional 5,354,141 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Lincoln Electric during the second quarter worth $52,700,000. Algebris UK Ltd. purchased a new stake in Lincoln Electric during the second quarter worth $44,811,000. Caisse de depot et placement du Quebec purchased a new stake in Lincoln Electric during the second quarter worth $26,148,000. Finally, Advisors Capital Management LLC purchased a new stake in Lincoln Electric during the second quarter worth $21,914,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird lifted their price target on Lincoln Electric from $317.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on shares of Lincoln Electric from $271.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Lincoln Electric from $283.00 to $293.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, UBS Group raised their target price on shares of Lincoln Electric from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $319.11.

Lincoln Electric Trading Down 2.6%

Shares of Lincoln Electric stock opened at $276.92 on Friday. Lincoln Electric Holdings, Inc. has a 1 year low of $216.22 and a 1 year high of $310.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.91 and a quick ratio of 1.20. The business has a 50 day moving average price of $267.96 and a 200 day moving average price of $265.93. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.62 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a return on equity of 40.06% and a net margin of 12.40%. Lincoln Electric’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 EPS. Sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.38 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $0.87 dividend. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 31st. Lincoln Electric’s dividend payout ratio (DPR) is currently 30.30%.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer of welding, cutting and industrial automation products. The company serves customers in industries including construction, manufacturing, energy, transportation and heavy equipment.

Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories and personal protective equipment. Lincoln Electric also provides robotic and automated welding systems, industrial automation solutions, application engineering, training and maintenance services.