Hancock Whitney Corp Has $17.64 Million Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Hancock Whitney Corp decreased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 93,529 shares of the industrial products company’s stock after selling 219 shares during the period. Hancock Whitney Corp’s holdings in Lincoln Electric were worth $17,643,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Threadgill Financial LLC lifted its position in Lincoln Electric by 5.6% during the 1st quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 67 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Lincoln Electric by 3.1% during the 4th quarter. Corient Private Wealth LLC now owns 2,241 shares of the industrial products company’s stock worth $487,000 after purchasing an additional 68 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares during the period. Capital Advisors Ltd. LLC grew its holdings in Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in Lincoln Electric by 0.3% in the 1st quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock worth $6,673,000 after buying an additional 71 shares during the period. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $185.45 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $164.00 and a twelve month high of $261.13. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a market cap of $10.55 billion, a P/E ratio of 19.69, a PEG ratio of 1.31 and a beta of 1.14. The company’s 50-day simple moving average is $192.71 and its 200 day simple moving average is $211.04.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 EPS. As a group, research analysts forecast that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.71 per share. The ex-dividend date is Monday, September 30th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.53%. Lincoln Electric’s payout ratio is presently 30.15%.

Insider Activity

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the completion of the sale, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. KeyCorp reduced their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Loop Capital dropped their price objective on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Stifel Nicolaus increased their target price on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric currently has a consensus rating of “Hold” and an average price target of $218.29.

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.