MassMutual Private Wealth & Trust FSB Sells 3,490 Shares of Lincoln Electric Holdings, Inc. $LECO

MassMutual Private Wealth & Trust FSB lessened its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 82,507 shares of the industrial products company’s stock after selling 3,490 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Lincoln Electric were worth $21,906,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LECO. Earned Wealth Advisors LLC raised its holdings in Lincoln Electric by 3.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 43 shares during the last quarter. Hilltop Holdings Inc. lifted its position in Lincoln Electric by 2.5% during the 4th quarter. Hilltop Holdings Inc. now owns 1,832 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 45 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Lincoln Electric by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 52 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Lincoln Electric by 9.4% during 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 period. Finally, Sumitomo Life Insurance Co. grew its position in shares of Lincoln Electric by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 4,314 shares of the industrial products company’s stock worth $1,034,000 after buying an additional 52 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of LECO stock opened at $267.79 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. Lincoln Electric Holdings, Inc. has a 12-month low of $216.22 and a 12-month high of $310.00. The firm has a fifty day moving average of $259.91 and a 200-day moving average of $263.89. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.81 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. On average, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 10.85 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm 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 dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s payout ratio is 31.57%.

Insider Buying and Selling at Lincoln Electric

In related news, EVP Michael J. Whitehead sold 845 shares of the business’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 completion of the transaction, the executive vice president directly owned 9,319 shares in the company, valued at approximately $2,560,954.39. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Morgan Stanley upped their target price on shares of Lincoln Electric from $250.00 to $253.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Barclays raised their price target on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus set a $275.00 price objective on Lincoln Electric in a research note on Friday, May 1st. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $299.38.

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.