Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,355 shares of the industrial products company’s stock after buying an additional 575 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lincoln Electric Holdings were worth $1,160,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in Lincoln Electric Holdings by 61.5% in the third quarter. Riverhead Capital Management LLC now owns 2,700 shares of the industrial products company’s stock valued at $169,000 after buying an additional 1,028 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Lincoln Electric Holdings by 157.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,250 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,375 shares in the last quarter. Park National Corp OH acquired a new stake in Lincoln Electric Holdings during the first quarter valued at approximately $206,000. Cutter & CO Brokerage Inc. acquired a new stake in Lincoln Electric Holdings during the fourth quarter valued at approximately $207,000. Finally, Tyers Asset Management LLC acquired a new stake in Lincoln Electric Holdings during the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.
Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded down 0.49% during trading on Friday, hitting $87.52. The stock had a trading volume of 339,286 shares. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 30.08 and a beta of 0.88. Lincoln Electric Holdings, Inc. has a 52 week low of $56.02 and a 52 week high of $88.75. The stock’s 50 day moving average is $86.14 and its 200 day moving average is $78.47.
Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. The business earned $580.90 million during the quarter, compared to analysts’ expectations of $568.31 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Lincoln Electric Holdings, Inc. will post $3.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, June 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 50.36%.
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Several analysts recently commented on the company. Royal Bank of Canada restated a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a research report on Monday. Zacks Investment Research upgraded Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Longbow Research upgraded Lincoln Electric Holdings from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 15th. Finally, Stifel Nicolaus raised their target price on Lincoln Electric Holdings from $84.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, March 27th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.86.
In related news, VP Geoffrey P. Allman sold 5,270 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $85.23, for a total value of $449,162.10. Following the completion of the transaction, the vice president now directly owns 6,570 shares of the company’s stock, valued at approximately $559,961.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Frederick G. Stueber sold 14,480 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $85.07, for a total transaction of $1,231,813.60. Following the completion of the transaction, the vice president now directly owns 35,225 shares of the company’s stock, valued at $2,996,590.75. The disclosure for this sale can be found here. 3.27% of the stock is owned by corporate insiders.
Lincoln Electric Holdings Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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