Alamea Verwaltungs GmbH Buys Shares of 2,869 Lincoln Electric Holdings, Inc. $LECO

Alamea Verwaltungs GmbH bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,869 shares of the industrial products company’s stock, valued at approximately $543,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vident Advisory LLC acquired a new position in Lincoln Electric in the first quarter valued at about $256,000. Evergreen Capital Management LLC lifted its stake in Lincoln Electric by 33.7% in the first quarter. Evergreen Capital Management LLC now owns 1,602 shares of the industrial products company’s stock valued at $304,000 after buying an additional 404 shares during the period. Magnetar Financial LLC acquired a new position in Lincoln Electric in the first quarter valued at about $1,288,000. State of Wyoming lifted its stake in Lincoln Electric by 100.8% in the first quarter. State of Wyoming now owns 1,604 shares of the industrial products company’s stock valued at $303,000 after buying an additional 805 shares during the period. Finally, Trexquant Investment LP lifted its stake in Lincoln Electric by 746.1% in the first quarter. Trexquant Investment LP now owns 63,522 shares of the industrial products company’s stock valued at $12,016,000 after buying an additional 56,014 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Down 1.2%

LECO stock opened at $242.63 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $228.78 and a two-hundred day moving average price of $205.39. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.70 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $249.19.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.28. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lincoln Electric had a return on equity of 39.79% and a net margin of 12.27%.The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 30th. Lincoln Electric’s payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. KeyCorp increased their price target on Lincoln Electric from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded Lincoln Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Stifel Nicolaus increased their price target on Lincoln Electric from $236.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Finally, Morgan Stanley increased their price objective on Lincoln Electric from $179.00 to $180.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $231.40.

Insider Activity at Lincoln Electric

In related news, EVP Gabriel Bruno sold 7,305 shares of Lincoln Electric stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $242.42, for a total transaction of $1,770,878.10. Following the completion of the sale, the executive vice president directly owned 29,927 shares of the company’s stock, valued at approximately $7,254,903.34. This trade represents a 19.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer I. Ansberry sold 3,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $242.18, for a total value of $726,540.00. Following the transaction, the executive vice president owned 19,173 shares in the company, valued at $4,643,317.14. The trade was a 13.53% decrease in their position. The disclosure for this sale can be found here. 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.