4,124 Shares in Lincoln Electric Holdings, Inc. $LECO Bought by Tempo Wealth LLC

Tempo Wealth LLC acquired a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,124 shares of the industrial products company’s stock, valued at approximately $988,000.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Lincoln Electric during the 4th quarter valued at about $415,155,000. M&T Bank Corp grew its stake in shares of Lincoln Electric by 5,862.4% during the fourth quarter. M&T Bank Corp now owns 1,271,364 shares of the industrial products company’s stock valued at $304,670,000 after buying an additional 1,250,041 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Lincoln Electric in the fourth quarter worth approximately $146,135,000. AQR Capital Management LLC lifted its stake in shares of Lincoln Electric by 439.8% during the 2nd quarter. AQR Capital Management LLC now owns 596,617 shares of the industrial products company’s stock worth $123,691,000 after acquiring an additional 486,090 shares during the last quarter. Finally, Cartenna Capital LP boosted its holdings in Lincoln Electric by 675.0% during the 3rd quarter. Cartenna Capital LP now owns 310,000 shares of the industrial products company’s stock valued at $73,107,000 after acquiring an additional 270,000 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of LECO stock opened at $275.37 on Friday. The stock’s 50-day moving average is $262.05 and its 200 day moving average is $260.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. Lincoln Electric Holdings, Inc. has a 1-year low of $199.13 and a 1-year high of $310.00. The company has a market cap of $15.09 billion, a P/E ratio of 28.42, a PEG ratio of 1.66 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.08. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $2.16 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts predict that Lincoln Electric Holdings, Inc. will post 10.82 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.1%. Lincoln Electric’s payout ratio is 32.61%.

Insider Activity at Lincoln Electric

In related news, EVP Michael J. Whitehead sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total value of $232,214.45. Following the sale, the executive vice president owned 9,319 shares in the company, valued at $2,560,954.39. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LECO. DA Davidson began coverage on Lincoln Electric in a research report on Tuesday. They set a “buy” rating and a $320.00 target price for the company. Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a report on Friday, May 1st. Jefferies Financial Group restated a “hold” rating and issued a $280.00 target price (down from $350.00) on shares of Lincoln Electric in a research note on Tuesday, March 31st. Weiss Ratings raised shares of Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $299.00.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.