3,688 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Purchased by First Hawaiian Bank

First Hawaiian Bank acquired a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the first quarter, HoldingsChannel.com reports. The fund acquired 3,688 shares of the industrial products company’s stock, valued at approximately $942,000.

A number of other institutional investors have also bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new stake in shares of Lincoln Electric in the fourth quarter valued at approximately $27,000. Principal Securities Inc. purchased a new stake in Lincoln Electric in the 4th quarter valued at $32,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Lincoln Electric by 43.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Lincoln Electric by 81.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 77 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of Lincoln Electric by 46.9% during the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 60 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

LECO stock opened at $186.48 on Friday. The business’s fifty day moving average price is $214.28 and its 200 day moving average price is $225.95. Lincoln Electric Holdings, Inc. has a 12-month low of $164.00 and a 12-month high of $261.13. The company has a current ratio of 2.24, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $10.61 billion, a PE ratio of 19.80, a P/E/G ratio of 1.34 and a beta of 1.17.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. The company had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.22 EPS for the current year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 1.52%. Lincoln Electric’s dividend payout ratio is presently 30.15%.

Wall Street Analysts Forecast Growth

LECO has been the subject of several recent analyst reports. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Stifel Nicolaus cut their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a report on Friday, April 26th. Loop Capital reduced their price target on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. KeyCorp lowered their price objective on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Finally, Robert W. Baird reduced their target price on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $225.29.

Lincoln Electric Profile

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.