Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lessened its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 27.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,465 shares of the industrial products company’s stock after selling 940 shares during the quarter. Oak Thistle LLC’s holdings in Lincoln Electric were worth $536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Lincoln Electric during the fourth quarter worth about $27,000. IFP Advisors Inc lifted its holdings in shares of Lincoln Electric by 1,422.2% during the second quarter. IFP Advisors Inc now owns 137 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 128 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Lincoln Electric by 43.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 50 shares during the period. VisionPoint Advisory Group LLC lifted its holdings in shares of Lincoln Electric by 81.1% during the third quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 77 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Lincoln Electric during the second quarter worth about $35,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Lincoln Electric from $208.00 to $239.00 and gave the stock a “hold” rating in a report on Friday, February 16th. KeyCorp lifted their price target on Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Jefferies Financial Group lifted their price target on Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley assumed coverage on Lincoln Electric in a research report on Monday, January 8th. They set an “underweight” rating and a $178.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.25.

Read Our Latest Report on LECO

Lincoln Electric Stock Up 0.3 %

Lincoln Electric stock opened at $250.05 on Thursday. The stock has a market capitalization of $14.21 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 12 month low of $152.36 and a 12 month high of $261.13. The business has a 50 day simple moving average of $244.78 and a 200-day simple moving average of $213.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.50.

Lincoln Electric (NASDAQ:LECOGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.26. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Lincoln Electric had a return on equity of 45.09% and a net margin of 13.01%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.57 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, March 27th. Lincoln Electric’s payout ratio is 30.31%.

Insider Buying and Selling

In related news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the sale, the chief financial officer now directly owns 22,402 shares in the company, valued at $5,554,575.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the sale, the senior vice president now directly owns 9,150 shares in the company, valued at $2,308,819.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $247.95, for a total value of $3,178,719.00. Following the sale, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

About Lincoln Electric

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report).

Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.