Crossmark Global Holdings Inc. Reduces Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Crossmark Global Holdings Inc. lessened its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,393 shares of the industrial products company’s stock after selling 202 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lincoln Electric were worth $955,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of Lincoln Electric in the 3rd quarter worth approximately $55,000. Atria Wealth Solutions Inc. raised its position in Lincoln Electric by 60.1% in the third quarter. Atria Wealth Solutions Inc. now owns 8,318 shares of the industrial products company’s stock worth $1,517,000 after acquiring an additional 3,122 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Lincoln Electric by 4.6% during the 3rd quarter. D.A. Davidson & CO. now owns 4,589 shares of the industrial products company’s stock worth $834,000 after acquiring an additional 200 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Lincoln Electric by 41.8% during the 3rd quarter. Van ECK Associates Corp now owns 12,577 shares of the industrial products company’s stock valued at $2,287,000 after acquiring an additional 3,706 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Lincoln Electric by 1.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,444 shares of the industrial products company’s stock worth $1,171,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird cut their price target on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Stifel Nicolaus cut their price objective on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research note on Friday, April 26th. KeyCorp decreased their target price on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. Loop Capital dropped their price target on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.29.

View Our Latest Stock Report on Lincoln Electric

Lincoln Electric Trading Up 0.8 %

Shares of LECO opened at $188.89 on Tuesday. The firm has a market cap of $10.75 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.49. Lincoln Electric Holdings, Inc. has a 1 year low of $164.00 and a 1 year high of $261.13. The company has a 50 day simple moving average of $225.26 and a two-hundred day simple moving average of $227.05.

Lincoln Electric (NASDAQ:LECOGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.08. The company had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. Lincoln Electric’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $2.13 earnings per share. On average, equities analysts expect that Lincoln Electric Holdings, Inc. will post 9.22 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.50%. Lincoln Electric’s dividend payout ratio (DPR) is 30.15%.

Lincoln Electric Company Profile

(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.

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

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