Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,378 shares of the industrial products company’s stock after buying an additional 353 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Lincoln Electric worth $24,851,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 125 shares during the period. Steward Partners Investment Advisory LLC grew its holdings 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 valued at $86,000 after purchasing an additional 84 shares during the period. HighTower Advisors LLC grew its holdings in Lincoln Electric by 7.4% during the fourth quarter. HighTower Advisors LLC now owns 11,490 shares of the industrial products company’s stock valued at $2,154,000 after purchasing an additional 792 shares during the period. Swiss National Bank lifted its stake in Lincoln Electric by 0.4% in the fourth quarter. Swiss National Bank now owns 111,500 shares of the industrial products company’s stock valued at $20,903,000 after buying an additional 400 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Lincoln Electric by 36.5% in the fourth quarter. Natixis Advisors LLC now owns 54,934 shares of the industrial products company’s stock valued at $10,298,000 after buying an additional 14,692 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

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

Lincoln Electric Stock Down 1.5%

Shares of LECO stock opened at $219.52 on Wednesday. The stock has a market cap of $12.26 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.64 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $225.25. The stock has a 50 day moving average of $203.01 and a 200 day moving average of $195.28. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.06). Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The firm had revenue of $365.45 million for the quarter, compared to analyst estimates of $974.39 million. During the same period in the previous year, the company posted $2.23 EPS. Lincoln Electric’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect 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 given a dividend of $0.75 per share. 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 payout ratio is currently 36.99%.

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.