Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588 shares of the industrial products company’s stock after selling 53 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Lincoln Electric were worth $497,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management increased its holdings in shares of Lincoln Electric by 4.8% during the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 68 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Lincoln Electric by 194.4% in the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Financial Counselors Inc. lifted its stake in shares of Lincoln Electric by 0.3% in the 1st quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock valued at $6,673,000 after purchasing an additional 71 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Lincoln Electric by 3.1% during the 3rd quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 71 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LECO. Robert W. Baird lowered their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus upped their price target on Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $221.67.

Insider Buying and Selling at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.63% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $193.71 on Friday. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 52 week low of $164.63 and a 52 week high of $261.13. The company has a fifty day simple moving average of $189.66 and a two-hundred day simple moving average of $200.40.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. Lincoln Electric’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 EPS. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, December 31st. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s payout ratio is 32.16%.

Lincoln Electric Company 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.