Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,471 shares of the industrial products company’s stock after acquiring an additional 188 shares during the quarter. Edgestream Partners L.P.’s holdings in Lincoln Electric were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Albert D Mason Inc. increased its holdings in shares of Lincoln Electric by 0.8% in the 1st quarter. Albert D Mason Inc. now owns 5,719 shares of the industrial products company’s stock valued at $1,461,000 after acquiring an additional 44 shares during the period. Lindbrook Capital LLC increased its stake in Lincoln Electric by 46.9% in the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock valued at $41,000 after buying an additional 60 shares during the period. Stratos Wealth Partners LTD. increased its stake in Lincoln Electric by 3.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,825 shares of the industrial products company’s stock valued at $397,000 after buying an additional 66 shares during the period. Threadgill Financial LLC increased its stake in Lincoln Electric by 5.6% in the 1st quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock valued at $324,000 after buying an additional 67 shares during the period. Finally, Legacy Financial Advisors Inc. increased its stake in Lincoln Electric by 3.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,144 shares of the industrial products company’s stock valued at $466,000 after buying an additional 68 shares during the period. 79.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LECO has been the topic of several recent research reports. Robert W. Baird dropped 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. KeyCorp decreased their price objective 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. StockNews.com lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a report on Monday, April 29th. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $221.71.

Lincoln Electric Stock Down 2.0 %

Shares of Lincoln Electric stock traded down $4.10 on Wednesday, hitting $203.15. 80,219 shares of the company’s stock traded hands, compared to its average volume of 334,829. The stock has a market cap of $11.56 billion, a P/E ratio of 21.31, a PEG ratio of 1.52 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. The firm’s 50-day moving average is $196.55 and its 200 day moving average is $222.94. Lincoln Electric Holdings, Inc. has a 52-week low of $164.00 and a 52-week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $2.13 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.03 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is presently 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.