Allspring Global Investments Holdings LLC Has $149,000 Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Allspring Global Investments Holdings LLC cut its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 60.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 685 shares of the industrial products company’s stock after selling 1,034 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Lincoln Electric were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 valued at $36,000 after purchasing an additional 50 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Lincoln Electric by 1.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,700 shares of the industrial products company’s stock valued at $854,000 after buying an additional 58 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Lincoln Electric by 3.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,825 shares of the industrial products company’s stock valued at $397,000 after acquiring an additional 66 shares during the period. VisionPoint Advisory Group LLC lifted its position 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 acquiring an additional 77 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Lincoln Electric by 7.4% in the fourth quarter. Ritholtz Wealth Management now owns 1,501 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 104 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

LECO stock opened at $229.94 on Monday. The firm has a 50 day simple moving average of $248.23 and a two-hundred day simple moving average of $220.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.50. The stock has a market cap of $13.07 billion, a PE ratio of 24.41, a P/E/G ratio of 1.59 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a one year low of $156.80 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The business had revenue of $981.20 million for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $2.13 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Lincoln Electric Holdings, Inc. will post 9.65 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a $0.71 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.24%. Lincoln Electric’s payout ratio is 30.15%.

Insider Buying and Selling at Lincoln Electric

In other news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value 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 approximately $5,554,575.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the sale, the senior vice president now owns 9,150 shares of the company’s stock, valued at approximately $2,308,819.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gabriel Bruno sold 12,820 shares of the firm’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 transaction, the chief financial officer now owns 22,402 shares in the company, valued at $5,554,575.90. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

LECO has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price objective on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley assumed coverage on shares of Lincoln Electric in a report on Monday, January 8th. They issued an “underweight” rating and a $178.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Robert W. Baird lowered their target price on shares of Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, KeyCorp boosted their price target on shares of Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $221.86.

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.