Atria Wealth Solutions Inc. Has $1.14 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Atria Wealth Solutions Inc. cut its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 24.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,028 shares of the industrial products company’s stock after selling 1,989 shares during the period. Atria Wealth Solutions Inc.’s holdings in Lincoln Electric were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Albert D Mason Inc. raised its position in Lincoln Electric by 0.8% during the first quarter. Albert D Mason Inc. now owns 5,719 shares of the industrial products company’s stock valued at $1,461,000 after buying an additional 44 shares during the period. Lindbrook Capital LLC raised its position in Lincoln Electric by 46.9% during the fourth quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock valued at $41,000 after buying an additional 60 shares during the period. Threadgill Financial LLC raised its position in Lincoln Electric by 5.6% during the first quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock valued at $324,000 after buying an additional 67 shares during the period. Legacy Financial Advisors Inc. raised its position in Lincoln Electric by 3.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,144 shares of the industrial products company’s stock valued at $466,000 after buying an additional 68 shares during the period. Finally, Corient Private Wealth LLC raised its position in Lincoln Electric by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,241 shares of the industrial products company’s stock valued at $487,000 after buying an additional 68 shares during the period. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Stock Performance

LECO opened at $197.98 on Friday. The company has a market cap of $11.27 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. The stock has a 50-day moving average of $193.88 and a 200-day moving average of $219.30. Lincoln Electric Holdings, Inc. has a 52-week low of $164.00 and a 52-week high of $261.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.06.

Lincoln Electric (NASDAQ:LECO) last posted 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 analysts’ expectations of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The company’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 posted $2.44 EPS. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.03 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.71 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.84 annualized dividend and a yield of 1.43%. Lincoln Electric’s dividend payout ratio (DPR) is 30.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LECO shares. KeyCorp dropped their price target on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Stifel Nicolaus boosted their target price on Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Loop Capital lowered their target price on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $219.43.

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.