Quantbot Technologies LP Makes New $899,000 Investment in Lincoln Electric Holdings, Inc. $LECO

Quantbot Technologies LP acquired a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,438 shares of the industrial products company’s stock, valued at approximately $899,000.

Other large investors have also recently made changes to their positions in the company. Earned Wealth Advisors LLC grew its stake in Lincoln Electric by 3.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 43 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Lincoln Electric by 1.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company’s stock worth $1,045,000 after buying an additional 52 shares during the last quarter. Parallel Advisors LLC lifted its stake in Lincoln Electric by 9.4% during the 1st quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 52 shares during the period. Jackson Thornton Wealth Management LLC increased its stake in shares of Lincoln Electric by 4.6% in the first quarter. Jackson Thornton Wealth Management LLC now owns 1,241 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 55 shares during the period. Finally, Versor Investments LP boosted its holdings in Lincoln Electric by 4.2% in the fourth quarter. Versor Investments LP now owns 1,563 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 63 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ LECO traded up $2.60 during midday trading on Monday, hitting $259.80. The company had a trading volume of 124,872 shares, compared to its average volume of 387,812. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a twelve month low of $216.22 and a twelve month high of $310.00. The business has a 50-day simple moving average of $268.47 and a two-hundred day simple moving average of $263.38. 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 (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $2.60 earnings per share. Equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LECO shares. Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. DA Davidson initiated coverage on Lincoln Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price target for the company. Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Sunday. 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. Finally, UBS Group initiated coverage on shares of Lincoln Electric in a research report on Monday, August 10th. They set a “buy” rating and a $340.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.22.

About Lincoln Electric

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.