Headlands Technologies LLC Has $1.83 Million Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Headlands Technologies LLC boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 106.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,878 shares of the industrial products company’s stock after acquiring an additional 3,539 shares during the period. Headlands Technologies LLC’s holdings in Lincoln Electric were worth $1,826,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Earned Wealth Advisors LLC grew its position in Lincoln Electric by 3.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock valued at $293,000 after buying an additional 43 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lincoln Electric by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 52 shares during the period. Parallel Advisors LLC increased its holdings in shares of Lincoln Electric by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company’s stock worth $151,000 after buying an additional 52 shares during the last quarter. Jackson Thornton Wealth Management LLC grew its position in Lincoln Electric by 4.6% during the first quarter. Jackson Thornton Wealth Management LLC now owns 1,241 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 55 shares during the last quarter. Finally, Versor Investments LP boosted its position in Lincoln Electric by 4.2% during the fourth quarter. Versor Investments LP now owns 1,563 shares of the industrial products company’s stock valued at $375,000 after buying an additional 63 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LECO shares. Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Sunday. UBS Group initiated coverage on Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 price target for the company. Morgan Stanley raised Lincoln Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. DA Davidson began coverage on Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Stock Up 1.0%

Shares of Lincoln Electric stock traded up $2.60 during trading hours on Monday, reaching $259.80. 124,872 shares of the company were exchanged, compared to its average volume of 387,812. The firm has a market cap of $14.16 billion, a PE ratio of 25.93, a PEG ratio of 1.54 and a beta of 1.21. The stock’s fifty day moving average is $268.47 and its 200 day moving average is $263.38. 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 quick ratio of 1.20 and a current ratio of 1.98.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $2.60 EPS. Lincoln Electric’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current year.

Lincoln Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is presently 31.57%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.