Coldstream Capital Management Inc. Sells 226 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Coldstream Capital Management Inc. decreased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,884 shares of the industrial products company’s stock after selling 226 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Lincoln Electric were worth $728,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new position in shares of Lincoln Electric during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of Lincoln Electric by 255.1% in the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Lincoln Electric by 54.1% in the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. boosted its holdings in shares of Lincoln Electric by 37.5% in the fourth quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 106 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lincoln Electric in the fourth quarter valued at approximately $76,000. Institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp boosted their price target on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Barclays boosted their price target on Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on Lincoln Electric from $220.00 to $178.00 and set a “hold” rating for the company in a report on Monday, April 14th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Friday. Finally, Morgan Stanley lowered their target price on Lincoln Electric from $187.00 to $179.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.00.

Lincoln Electric Stock Down 0.8 %

LECO stock opened at $184.21 on Tuesday. The stock has a market capitalization of $10.32 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $238.47. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $189.55 and a 200 day moving average of $196.44.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $995.94 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. Sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, June 30th. Lincoln Electric’s dividend payout ratio is presently 36.81%.

Insiders Place Their Bets

In other news, CEO Steven B. Hedlund sold 21,054 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $215.47, for a total value of $4,536,505.38. Following the sale, the chief executive officer now directly owns 54,660 shares of the company’s stock, valued at $11,777,590.20. This represents a 27.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.63% of the stock is owned by insiders.

Lincoln Electric Company 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.