OneDigital Investment Advisors LLC Buys Shares of 1,826 Lincoln Electric Holdings, Inc. $LECO

OneDigital Investment Advisors LLC bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,826 shares of the industrial products company’s stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LECO. Elyxium Wealth LLC acquired a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in Lincoln Electric during the 4th quarter worth approximately $46,000. State of Wyoming acquired a new position in Lincoln Electric during the 2nd quarter worth approximately $69,000. United Community Bank bought a new position in Lincoln Electric in the 4th quarter valued at approximately $65,000. Finally, Geneos Wealth Management Inc. lifted its stake in Lincoln Electric by 980.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. UBS Group assumed coverage on Lincoln Electric in a research note on Monday, August 10th. They issued a “buy” rating and a $340.00 price target for the company. Wall Street Zen raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. DA Davidson assumed coverage on Lincoln Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $320.00 price objective on the stock. Finally, Barclays boosted their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $307.22.

Insider Buying and Selling at Lincoln Electric

In related news, EVP Michael J. Whitehead sold 845 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the sale, the executive vice president owned 9,319 shares of the company’s stock, valued at $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.68% of the stock is currently owned by corporate insiders.

Lincoln Electric Stock Down 0.9%

Shares of NASDAQ LECO opened at $279.56 on Thursday. The company has a 50 day simple moving average of $265.21 and a 200 day simple moving average of $265.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.98 and a quick ratio of 1.20. Lincoln Electric Holdings, Inc. has a 1 year low of $216.22 and a 1 year high of $310.00. The firm has a market cap of $15.24 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $2.60 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Lincoln Electric Holdings, Inc. will post 11.11 EPS for the current year.

Lincoln Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s payout ratio is 31.57%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.