Albert D Mason Inc. Has $1.28 Million Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Albert D Mason Inc. lifted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,786 shares of the industrial products company’s stock after acquiring an additional 396 shares during the period. Albert D Mason Inc.’s holdings in Lincoln Electric were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Bank Ltd. acquired a new stake in shares of Lincoln Electric in the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its stake 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 worth $33,000 after acquiring an additional 125 shares during the last quarter. V Square Quantitative Management LLC grew its stake 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 worth $56,000 after acquiring an additional 105 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Lincoln Electric in the fourth quarter worth $68,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Lincoln Electric during the fourth quarter worth $76,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Trading Up 0.4%

Shares of LECO opened at $204.37 on Friday. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $222.52. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $188.32 and a 200-day simple moving average of $194.20. The stock has a market cap of $11.41 billion, a PE ratio of 25.08, a PEG ratio of 1.51 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The firm had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same quarter in the prior year, the firm posted $2.23 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.47%. Lincoln Electric’s dividend payout ratio is presently 36.99%.

Analysts Set New Price Targets

LECO has been the topic of a number of recent research reports. Robert W. Baird decreased their price target on shares of Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Morgan Stanley lifted their price target on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 6th. KeyCorp decreased their price target on shares of Lincoln Electric from $245.00 to $225.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lincoln Electric currently has an average rating of “Moderate Buy” and a consensus target price of $206.40.

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.