Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Position Increased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 194.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106 shares of the industrial products company’s stock after buying an additional 70 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Lincoln Electric were worth $27,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC raised its position in Lincoln Electric by 25.4% during the third quarter. Mariner LLC now owns 8,080 shares of the industrial products company’s stock valued at $1,469,000 after acquiring an additional 1,638 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Lincoln Electric by 1.5% during the third quarter. Natixis Advisors L.P. now owns 17,821 shares of the industrial products company’s stock valued at $3,240,000 after purchasing an additional 271 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Lincoln Electric by 7.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 3,127 shares of the industrial products company’s stock worth $568,000 after acquiring an additional 228 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Lincoln Electric by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 25,298 shares of the industrial products company’s stock worth $4,599,000 after acquiring an additional 133 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Lincoln Electric in the third quarter worth $3,093,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LECO shares. Robert W. Baird lowered their price objective on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research note on Monday, April 29th. KeyCorp reduced their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Stifel Nicolaus cut their target price on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Finally, Loop Capital lowered their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $225.29.

Lincoln Electric Stock Up 0.5 %

Shares of NASDAQ LECO traded up $0.90 during trading hours on Tuesday, hitting $185.39. The company had a trading volume of 260,798 shares, compared to its average volume of 339,082. The stock has a market capitalization of $10.55 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13. The firm’s 50 day moving average is $207.13 and its 200-day moving average is $225.24.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The company had revenue of $981.20 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 9.13 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s dividend payout ratio is 30.15%.

About Lincoln Electric

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.