Wood Tarver Financial Group LLC Makes New Investment in Lincoln Electric Holdings, Inc. $LECO

Wood Tarver Financial Group LLC purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,758 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other institutional investors have also bought and sold shares of the stock. Fiduciary Financial Advisors purchased a new position in shares of Lincoln Electric in the 2nd quarter worth about $38,000. Algert Global LLC increased its position in shares of Lincoln Electric by 466.9% during the second quarter. Algert Global LLC now owns 147,509 shares of the industrial products company’s stock valued at $5,214,000 after buying an additional 121,490 shares during the period. Cibc World Market Inc. bought a new position in Lincoln Electric in the 2nd quarter valued at $435,000. Sanctuary Advisors LLC bought a new stake in shares of Lincoln Electric during the 2nd quarter valued at about $1,227,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lincoln Electric during the 2nd quarter worth $605,000. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 1.0%

Shares of NASDAQ LECO traded up $2.60 during trading on Monday, hitting $259.80. 124,872 shares of the company were exchanged, compared to its average volume of 387,812. The firm has a market capitalization of $14.16 billion, a PE ratio of 25.93, a P/E/G ratio of 1.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The company has a fifty day moving average price of $268.47 and a 200-day moving average price of $263.38. Lincoln Electric Holdings, Inc. has a 12-month low of $216.22 and a 12-month high of $310.00.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current year.

Lincoln Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

LECO has been the subject of a number of recent research reports. Morgan Stanley raised Lincoln Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $257.00 to $283.00 in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group began coverage on Lincoln Electric in a research report on Monday, August 10th. They issued a “buy” rating and a $340.00 price target for the company. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. Finally, DA Davidson began coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.