Invst LLC Takes $1.25 Million Position in Lincoln Electric Holdings, Inc. $LECO

Invst LLC acquired a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,447 shares of the industrial products company’s stock, valued at approximately $1,253,000. Invst LLC owned 0.07% of Lincoln Electric as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of Lincoln Electric in the 4th quarter worth about $27,000. Keating Financial Advisory Services Inc. bought a new stake in Lincoln Electric during the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new stake in Lincoln Electric during the second quarter valued at $38,000. Ancora Advisors LLC bought a new stake in Lincoln Electric during the second quarter valued at approximately $38,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Lincoln Electric during the second quarter worth about $48,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 1.0%

NASDAQ:LECO traded up $2.60 on Monday, hitting $259.80. The stock had a trading volume of 124,872 shares, compared to its average volume of 387,812. The company has a fifty day moving average price of $268.47 and a two-hundred day moving average price of $263.38. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.54 and a beta of 1.21. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. Lincoln Electric Holdings, Inc. has a 1-year low of $216.22 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $2.60 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is 31.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LECO shares. UBS Group started coverage on Lincoln Electric in a research note on Monday, August 10th. They issued a “buy” rating and a $340.00 price target on the stock. DA Davidson assumed coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. Morgan Stanley upgraded shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.