Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,600 shares of the industrial products company’s stock after purchasing an additional 380 shares during the period. State of Alaska Department of Revenue owned 0.13% of Lincoln Electric worth $14,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC increased its stake in shares of Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 valued at $27,000 after buying 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 worth about $28,000. UMB Bank n.a. boosted its stake in shares of Lincoln Electric by 97.9% during the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 140 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Lincoln Electric by 41.5% during the 2nd 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. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LECO shares. Stifel Nicolaus boosted their target price on Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Robert W. Baird decreased their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Lincoln Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.67.

Lincoln Electric Trading Up 0.0 %

Shares of LECO stock opened at $193.71 on Friday. The firm has a market capitalization of $10.98 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 1 year low of $164.63 and a 1 year high of $261.13. The firm’s fifty day simple moving average is $189.66 and its 200 day simple moving average is $200.40. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 8.78 EPS for the current year.

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio (DPR) is currently 32.16%.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the transaction, the senior vice president now directly owns 11,178 shares in the company, valued at approximately $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by insiders.

About Lincoln Electric

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.