Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,545 shares of the industrial products company’s stock after selling 63 shares during the period. Stratos Wealth Partners LTD.’s holdings in Lincoln Electric were worth $292,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LECO. Mizuho Bank Ltd. acquired a new position in shares of Lincoln Electric in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp raised its stake in Lincoln Electric by 255.1% in the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock valued at $33,000 after buying an additional 125 shares during the period. Wood Tarver Financial Group LLC acquired a new position in shares of Lincoln Electric in the fourth quarter valued at approximately $68,000. Steward Partners Investment Advisory LLC grew its position in Lincoln Electric by 22.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the industrial products company’s stock worth $86,000 after buying an additional 84 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Lincoln Electric by 22.2% during the fourth quarter. Covestor Ltd now owns 517 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 94 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

Shares of LECO opened at $219.52 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.19. The firm has a fifty day moving average price of $203.01 and a 200 day moving average price of $195.28. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $225.25. The stock has a market cap of $12.26 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.06). Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The company had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same quarter last year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Monday, June 30th. Lincoln Electric’s dividend payout ratio is currently 36.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus raised their target price on Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Robert W. Baird decreased their target price on Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. KeyCorp raised their price target on Lincoln Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley raised their target price on Lincoln Electric from $179.00 to $180.00 and gave the company an “underweight” rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $211.40.

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.