Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Holdings Decreased by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,231 shares of the industrial products company’s stock after selling 584 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lincoln Electric were worth $4,269,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. EdgePoint Investment Group Inc. boosted its holdings in Lincoln Electric by 48.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,747,083 shares of the industrial products company’s stock worth $518,210,000 after purchasing an additional 891,111 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Lincoln Electric by 18,413.8% in the 3rd quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock valued at $49,592,000 after buying an additional 256,872 shares during the period. Absher Wealth Management LLC bought a new stake in shares of Lincoln Electric during the 3rd quarter valued at about $24,604,000. Capital International Investors raised its stake in Lincoln Electric by 7.0% during the first quarter. Capital International Investors now owns 1,856,125 shares of the industrial products company’s stock worth $474,129,000 after acquiring an additional 121,914 shares during the period. Finally, Millennium Management LLC lifted its holdings in Lincoln Electric by 204.0% in the second quarter. Millennium Management LLC now owns 138,331 shares of the industrial products company’s stock worth $26,095,000 after acquiring an additional 92,820 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 2.2 %

Lincoln Electric stock opened at $218.28 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13. The company’s fifty day simple moving average is $191.84 and its 200-day simple moving average is $197.58. The stock has a market cap of $12.32 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.62 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.05 by $0.09. The business had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.40 EPS. As a group, sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 8.78 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is presently 35.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LECO shares. Stifel Nicolaus upped their target price on Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Robert W. Baird dropped their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $221.67.

Insider Buying and Selling 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 shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.63% of the company’s stock.

Lincoln Electric Profile

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.