Ieq Capital LLC Increases Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

by · The Markets Daily

Ieq Capital LLC raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,153 shares of the industrial products company’s stock after buying an additional 335 shares during the period. Ieq Capital LLC’s holdings in Lincoln Electric were worth $1,154,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC boosted its holdings in Lincoln Electric by 54.1% in the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 105 shares during the period. Blue Trust Inc. lifted its stake in Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 253 shares during the last quarter. HM Payson & Co. acquired a new position in Lincoln Electric during the 3rd quarter worth approximately $65,000. UMB Bank n.a. increased its position in shares of Lincoln Electric by 37.5% in the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 106 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Lincoln Electric by 60.2% in the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Up 0.1 %

Shares of Lincoln Electric stock opened at $207.47 on Tuesday. The company has a market cap of $11.71 billion, a P/E ratio of 25.46, a PEG ratio of 1.51 and a beta of 1.18. The firm has a fifty day moving average of $195.09 and a two-hundred day moving average of $196.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. On average, analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 31st. Lincoln Electric’s dividend payout ratio (DPR) is 36.81%.

Insider Activity at Lincoln Electric

In other news, CEO Steven B. Hedlund sold 21,054 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total value of $4,536,505.38. Following the completion of the transaction, the chief executive officer now owns 54,660 shares in the company, valued at $11,777,590.20. This trade represents a 27.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus reduced their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. KeyCorp lifted their price target on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays raised their price objective on shares of Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus price target of $233.60.

Check Out Our Latest Analysis on Lincoln Electric

Lincoln Electric Profile

(Free Report)

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.

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