Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 67.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,446 shares of the industrial products company’s stock after purchasing an additional 2,585 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Lincoln Electric were worth $1,219,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Sanctuary Advisors LLC raised its holdings in Lincoln Electric by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 4,712 shares of the industrial products company’s stock valued at $944,000 after buying an additional 218 shares during the period. Global Retirement Partners LLC increased its position in shares of Lincoln Electric by 266.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,272 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 925 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Lincoln Electric during the fourth quarter valued at about $264,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $1,539,000. Finally, IFP Advisors Inc lifted its holdings in shares of Lincoln Electric by 7.5% in the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analysts Set New Price Targets

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

Lincoln Electric Price Performance

Lincoln Electric stock opened at $206.81 on Thursday. The company’s 50 day moving average is $192.92 and its two-hundred day moving average is $193.45. The firm has a market cap of $11.55 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $222.52.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.06). The company had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 earnings per share. On average, research analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric’s dividend payout ratio is currently 36.99%.

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.