Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 87.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,340 shares of the industrial products company’s stock after acquiring an additional 627 shares during the period. Cwm LLC’s holdings in Lincoln Electric were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LECO. Gateway Investment Advisers LLC acquired a new position in Lincoln Electric during the 1st quarter worth approximately $214,000. Riverview Trust Co acquired a new position in shares of Lincoln Electric in the 1st quarter valued at $26,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Lincoln Electric by 20.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,123 shares of the industrial products company’s stock valued at $2,586,000 after buying an additional 1,713 shares in the last quarter. Cannon Global Investment Management LLC acquired a new position in shares of Lincoln Electric in the 1st quarter valued at $307,000. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of Lincoln Electric in the 1st quarter valued at $11,888,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Down 2.1 %

LECO stock opened at $195.77 on Wednesday. The company has a fifty day moving average price of $189.54 and a 200 day moving average price of $201.18. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.31.

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

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.53%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is presently 31.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports 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 report on Wednesday, September 4th. StockNews.com cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Lincoln Electric has an average rating of “Hold” and an average target price of $221.67.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the company’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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.63% of the stock is owned by insiders.

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.