B. Riley Wealth Advisors Inc. Has $801,000 Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

B. Riley Wealth Advisors Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,231 shares of the industrial products company’s stock after purchasing an additional 175 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Lincoln Electric were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LECO. Riverview Trust Co bought a new position in shares of Lincoln Electric during the 1st quarter worth about $26,000. 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 worth $27,000 after purchasing an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 68 shares during the period. V Square Quantitative Management LLC acquired a new stake in Lincoln Electric during the second quarter valued at approximately $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Lincoln Electric in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of LECO stock opened at $191.50 on Friday. The stock’s fifty day moving average is $190.14 and its 200-day moving average is $207.21. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06. Lincoln Electric Holdings, Inc. has a 52 week low of $164.00 and a 52 week high of $261.13. The stock has a market capitalization of $10.90 billion, a PE ratio of 20.33, a PEG ratio of 1.40 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $2.44 EPS. Lincoln Electric’s revenue was down 3.7% on a year-over-year basis. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s payout ratio is 30.15%.

Insider Buying and Selling

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now owns 11,178 shares in the company, valued at $1,966,880.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird cut their target price 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. Stifel Nicolaus increased their price objective on Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.33.

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.