Boothbay Fund Management LLC Purchases 36,036 Shares of Lincoln Electric Holdings, Inc. $LECO

Boothbay Fund Management LLC raised its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 651.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,564 shares of the industrial products company’s stock after acquiring an additional 36,036 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.08% of Lincoln Electric worth $9,802,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Panagora Asset Management Inc. raised its holdings in shares of Lincoln Electric by 3.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,156 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 43 shares during the period. Kera Capital Partners Inc. grew its holdings in Lincoln Electric by 2.8% during the third quarter. Kera Capital Partners Inc. now owns 1,692 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 46 shares during the period. Profund Advisors LLC increased its position in Lincoln Electric by 3.8% during the third quarter. Profund Advisors LLC now owns 1,264 shares of the industrial products company’s stock worth $298,000 after buying an additional 46 shares during the last quarter. Advisors Asset Management Inc. increased its position in Lincoln Electric by 2.8% during the second quarter. Advisors Asset Management Inc. now owns 1,752 shares of the industrial products company’s stock worth $363,000 after buying an additional 47 shares during the last quarter. Finally, YANKCOM Partnership raised its stake in Lincoln Electric by 8.7% in the second quarter. YANKCOM Partnership now owns 601 shares of the industrial products company’s stock valued at $125,000 after buying an additional 48 shares during the period. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of recent analyst reports. Robert W. Baird set a $330.00 price objective on Lincoln Electric in a research report on Friday, February 13th. Morgan Stanley set a $240.00 price target on Lincoln Electric and gave the company an “underweight” rating in a research note on Tuesday, February 17th. KeyCorp raised their price target on Lincoln Electric from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wall Street Zen cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $302.83.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $258.45 on Friday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.61 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. Lincoln Electric Holdings, Inc. has a 12 month low of $161.11 and a 12 month high of $310.00. The stock’s 50 day moving average is $271.78 and its 200-day moving average is $249.69.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.12. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $2.57 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. Lincoln Electric’s dividend payout ratio (DPR) is currently 33.91%.

Lincoln Electric Company 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.