Curat Global LLC Invests $110,000 in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Curat Global LLC bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 580 shares of the industrial products company’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new stake in Lincoln Electric in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp increased its holdings in Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Lincoln Electric by 54.1% during the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 105 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in Lincoln Electric during the 4th quarter worth approximately $68,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Lincoln Electric during the 4th quarter worth approximately $76,000. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $201.44 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52. The stock’s 50 day moving average price is $186.32 and its 200-day moving average price is $194.40. The company has a market capitalization of $11.25 billion, a PE ratio of 24.72, a PEG ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.06). Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business had revenue of $365.45 million during the quarter, compared to analysts’ expectations of $974.39 million. During the same quarter in the previous year, the firm earned $2.23 EPS. Lincoln Electric’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.49%. Lincoln Electric’s payout ratio is presently 36.99%.

Analysts Set New Price Targets

LECO has been the subject of a number of recent research reports. KeyCorp decreased their price objective on Lincoln Electric from $245.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Stifel Nicolaus boosted their price objective on Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Wall Street Zen raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Morgan Stanley boosted 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. Finally, Barclays boosted their price objective on Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Lincoln Electric currently has a consensus rating of “Moderate Buy” and an average price target of $206.40.

About Lincoln Electric

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.