WealthPLAN Partners LLC Has $4.27 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

WealthPLAN Partners LLC lessened its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,231 shares of the industrial products company’s stock after selling 584 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lincoln Electric were worth $4,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 68 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln Electric in the second quarter valued at $28,000. UMB Bank n.a. raised its position in Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 140 shares during the last quarter. Quarry LP boosted its holdings in Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 88 shares during the last quarter. Finally, Blue Trust Inc. increased its position 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 purchasing an additional 253 shares during the period. Institutional investors own 79.61% of the company’s stock.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now owns 11,178 shares in the company, valued at $1,966,880.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.63% of the company’s stock.

Lincoln Electric Stock Up 2.2 %

Shares of Lincoln Electric stock opened at $218.28 on Tuesday. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The business’s 50 day simple moving average is $191.84 and its 200 day simple moving average is $197.58. The firm has a market cap of $12.32 billion, a PE ratio of 26.05, a P/E/G ratio of 1.62 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The firm had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. During the same period in the previous year, the business earned $2.40 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is presently 35.80%.

Analyst Upgrades and Downgrades

LECO has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. StockNews.com downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Robert W. Baird lowered their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $221.67.

Lincoln Electric Company Profile

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.