Lincoln Electric Holdings, Inc. $LECO Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 62.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,540 shares of the industrial products company’s stock after acquiring an additional 2,133 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lincoln Electric were worth $1,328,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quent Capital LLC bought a new position in Lincoln Electric in the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC grew its position in Lincoln Electric by 3,700.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Root Financial Partners LLC bought a new position in Lincoln Electric in the 3rd quarter valued at about $31,000. Eastern Bank grew its position in Lincoln Electric by 109.4% in the 3rd quarter. Eastern Bank now owns 201 shares of the industrial products company’s stock valued at $47,000 after buying an additional 105 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Lincoln Electric in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. Roth Mkm reiterated a “buy” rating and issued a $297.00 target price (up from $285.00) on shares of Lincoln Electric in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley reiterated an “underweight” rating and issued a $250.00 target price on shares of Lincoln Electric in a research report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $280.00 target price (down from $350.00) on shares of Lincoln Electric in a research report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lincoln Electric has a consensus rating of “Hold” and a consensus target price of $296.00.

Lincoln Electric Stock Performance

Shares of LECO opened at $266.13 on Wednesday. The firm’s 50 day moving average is $259.77 and its 200-day moving average is $255.05. The stock has a market capitalization of $14.58 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. Lincoln Electric Holdings, Inc. has a 12-month low of $188.65 and a 12-month high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.08. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS. Equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post 10.81 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s payout ratio is currently 32.61%.

Lincoln Electric 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.