Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Position Raised by Avior Wealth Management LLC

Avior Wealth Management LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,644 shares of the industrial products company’s stock after acquiring an additional 48 shares during the quarter. Avior Wealth Management LLC’s holdings in Lincoln Electric were worth $316,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LECO. CIBC Asset Management Inc grew its stake in Lincoln Electric by 3.2% in the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 51 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after buying an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Lincoln Electric by 174.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after buying an additional 68 shares in the last quarter. Greenleaf Trust raised its position in Lincoln Electric by 3.1% during the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 71 shares in the last quarter. Finally, Quarry LP raised its position in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

NASDAQ LECO opened at $213.52 on Friday. The stock has a 50-day simple moving average of $196.81 and a 200 day simple moving average of $197.07. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The stock has a market capitalization of $12.05 billion, a PE ratio of 25.48, a P/E/G ratio of 1.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.09. The company had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. Lincoln Electric’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 earnings per share. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.75 EPS 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 $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio (DPR) is currently 33.89%.

Insider Buying and Selling

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction of $193,556.00. Following the sale, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

LECO has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. 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. Finally, KeyCorp raised their price objective on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $220.00.

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.