Western Wealth Management LLC Invests $319,000 in Lincoln Electric Holdings, Inc. $LECO

Western Wealth Management LLC bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,018 shares of the industrial products company’s stock, valued at approximately $319,000.

Several other institutional investors have also bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in Lincoln Electric in the fourth quarter valued at $27,000. Keating Financial Advisory Services Inc. bought a new position in shares of Lincoln Electric during the second quarter valued at $29,000. Fiduciary Financial Advisors bought a new position in shares of Lincoln Electric during the second quarter valued at $38,000. Ancora Advisors LLC acquired a new stake in shares of Lincoln Electric in the 2nd quarter valued at $38,000. Finally, Summit Securities Group LLC bought a new stake in shares of Lincoln Electric in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. DA Davidson initiated coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $320.00 target price for the company. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a research note on Friday, May 1st. UBS Group started coverage on shares of Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 price objective for the company. Finally, Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.22.

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO opened at $280.15 on Wednesday. The business has a fifty day moving average of $266.48 and a 200-day moving average of $265.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. Lincoln Electric Holdings, Inc. has a twelve month low of $216.22 and a twelve month high of $310.00. The firm has a market cap of $15.27 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.12. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Lincoln Electric Holdings, Inc. will post 11.13 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio is presently 31.57%.

Insider Activity at Lincoln Electric

In other news, EVP Michael J. Whitehead sold 845 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the sale, the executive vice president directly owned 9,319 shares of the company’s stock, valued at $2,560,954.39. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.68% of the stock is owned by company insiders.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.