Lincoln Electric Holdings, Inc. (LECO) Stake Boosted by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,668 shares of the industrial products company’s stock after buying an additional 34 shares during the period. GHP Investment Advisors Inc.’s holdings in Lincoln Electric Holdings were worth $2,403,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after buying an additional 112 shares during the period. Riverhead Capital Management LLC increased its stake in shares of 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 worth $169,000 after buying an additional 1,028 shares during the period. Johnson Financial Group Inc. increased its stake in shares of 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 worth $173,000 after buying an additional 1,375 shares during the period. Park National Corp OH purchased a new stake in shares of Lincoln Electric Holdings during the first quarter worth $206,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Lincoln Electric Holdings during the fourth quarter worth $207,000. 66.32% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Lincoln Electric Holdings (NASDAQ:LECO)

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up 2.42% during trading on Friday, reaching $89.15. 280,657 shares of the company traded hands. The firm’s 50-day moving average is $87.87 and its 200-day moving average is $82.40. The stock has a market capitalization of $5.87 billion, a PE ratio of 29.85 and a beta of 0.88. Lincoln Electric Holdings, Inc. has a 12-month low of $56.02 and a 12-month high of $91.29.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the 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 had revenue of $580.90 million during the quarter, compared to analyst estimates of $568.31 million. During the same period in the previous year, the business posted $0.76 earnings per share. Lincoln Electric Holdings’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will post $3.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.40 annualized dividend and a yield of 1.61%. Lincoln Electric Holdings’s payout ratio is presently 50.36%.

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A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $78.00 price target on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price target (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. Deutsche Bank AG cut their price target on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 28th. Finally, Longbow Research raised shares of Lincoln Electric Holdings from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 15th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Lincoln Electric Holdings has an average rating of “Hold” and a consensus target price of $80.43.

In other Lincoln Electric Holdings news, Director William E. Macdonald III sold 5,500 shares of Lincoln Electric Holdings stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $89.71, for a total transaction of $493,405.00. Following the completion of the sale, the director now directly owns 17,416 shares in the company, valued at $1,562,389.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David H. Gunning sold 5,000 shares of Lincoln Electric Holdings stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $90.00, for a total transaction of $450,000.00. Following the sale, the director now owns 9,146 shares of the company’s stock, valued at $823,140. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,467 shares of company stock valued at $1,389,044. 3.27% of the stock is currently owned by company 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.

12 Month Chart for NASDAQ:LECO

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