Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Holdings Raised by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 46.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 188 shares of the industrial products company’s stock after buying an additional 60 shares during the period. Lindbrook Capital LLC’s holdings in Lincoln Electric were worth $41,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LECO. Fiera Capital Corp acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at about $34,850,000. Invesco Ltd. boosted its holdings in shares of Lincoln Electric by 19.9% in the 3rd quarter. Invesco Ltd. now owns 1,049,854 shares of the industrial products company’s stock valued at $190,853,000 after buying an additional 174,278 shares during the period. Renaissance Group LLC acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at about $28,396,000. American Century Companies Inc. boosted its holdings in shares of Lincoln Electric by 411.9% in the 3rd quarter. American Century Companies Inc. now owns 191,740 shares of the industrial products company’s stock valued at $34,856,000 after buying an additional 154,286 shares during the period. Finally, Dana Investment Advisors Inc. acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at about $21,929,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Geoffrey P. Allman sold 3,306 shares of the business’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 sale, the senior vice president now owns 9,150 shares in the company, valued at $2,308,819.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the sale, the chief financial officer now owns 22,402 shares in the company, valued at $5,554,575.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Geoffrey P. Allman sold 3,306 shares of the business’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 transaction, the senior vice president now directly owns 9,150 shares in the company, valued at $2,308,819.50. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Morgan Stanley began coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They set an “underweight” rating and a $178.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $239.00 to $241.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, KeyCorp boosted their target price on shares of Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $210.50.

Lincoln Electric Stock Down 4.1 %

NASDAQ LECO opened at $227.93 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.50. The company’s 50 day simple moving average is $249.06 and its 200 day simple moving average is $219.38. Lincoln Electric Holdings, Inc. has a 12 month low of $155.21 and a 12 month high of $261.13. The company has a market capitalization of $12.95 billion, a P/E ratio of 24.33, a PEG ratio of 1.64 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 15th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.26. Lincoln Electric had a net margin of 13.01% and a return on equity of 45.09%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 9.65 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.25%. Lincoln Electric’s dividend payout ratio is currently 30.31%.

Lincoln Electric 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.