First Republic Investment Management Inc. Purchases 564 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

First Republic Investment Management Inc. grew its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOGet Rating) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,723 shares of the industrial products company’s stock after purchasing an additional 564 shares during the quarter. First Republic Investment Management Inc.’s holdings in Lincoln Electric were worth $798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LECO. FMR LLC lifted its holdings in shares of Lincoln Electric by 34,326.9% during the first quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock worth $11,810,000 after purchasing an additional 140,397 shares during the period. Morgan Stanley boosted its holdings in shares of Lincoln Electric by 171.7% in the 2nd quarter. Morgan Stanley now owns 169,454 shares of the industrial products company’s stock valued at $22,320,000 after acquiring an additional 107,096 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Lincoln Electric by 4.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,598 shares of the industrial products company’s stock worth $850,000 after acquiring an additional 282 shares during the period. Deutsche Bank AG raised its holdings in shares of Lincoln Electric by 2.2% during the third quarter. Deutsche Bank AG now owns 12,755 shares of the industrial products company’s stock worth $1,642,000 after purchasing an additional 273 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in Lincoln Electric by 2.1% during the third quarter. Advisor Group Holdings Inc. now owns 9,049 shares of the industrial products company’s stock valued at $1,167,000 after purchasing an additional 184 shares during the period. 74.17% of the stock is owned by institutional investors and hedge funds.

LECO has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Lincoln Electric from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, February 11th. StockNews.com downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 12th. Robert W. Baird raised their price objective on shares of Lincoln Electric from $154.00 to $163.00 in a research note on Thursday, April 28th. Finally, Stifel Nicolaus decreased their target price on shares of Lincoln Electric from $144.00 to $132.00 and set a “hold” rating for the company in a research note on Monday, April 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $150.57.

Shares of LECO opened at $133.25 on Friday. The firm has a market cap of $7.74 billion, a P/E ratio of 24.18, a PEG ratio of 1.15 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 12 month low of $121.65 and a 12 month high of $148.54. The stock’s 50 day moving average is $132.41 and its two-hundred day moving average is $134.26. The company has a current ratio of 1.54, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83.

Lincoln Electric (NASDAQ:LECOGet Rating) last announced its earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.47. The firm had revenue of $925.40 million for the quarter, compared to analyst estimates of $870.50 million. Lincoln Electric had a return on equity of 48.22% and a net margin of 9.65%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 7.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, June 29th. Lincoln Electric’s payout ratio is 40.65%.

Lincoln Electric Profile (Get Rating)

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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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