Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 18.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,421 shares of the industrial products company’s stock after buying an additional 3,262 shares during the period. Cetera Investment Advisers’ holdings in Lincoln Electric were worth $4,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lincoln Electric during the fourth quarter worth $68,000. Signaturefd LLC lifted its position in shares of Lincoln Electric by 77.1% during the first quarter. Signaturefd LLC now owns 425 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 185 shares in the last quarter. Covestor Ltd lifted its position in shares of 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 in the last quarter. YANKCOM Partnership raised its holdings in Lincoln Electric by 12.2% in the first quarter. YANKCOM Partnership now owns 553 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 60 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in Lincoln Electric in the first quarter valued at $110,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Stock Down 1.0%

Shares of NASDAQ:LECO opened at $241.14 on Monday. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $244.30. The company’s fifty day moving average is $211.35 and its two-hundred day moving average is $198.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.68.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, July 31st. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.28. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a net margin of 12.27% and a return on equity of 39.79%. Lincoln Electric’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. Equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Lincoln Electric’s payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

LECO has been the topic of several recent analyst reports. Morgan Stanley upped their price target on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an “underweight” rating in a report on Tuesday, May 6th. KeyCorp upped their price target on shares of Lincoln Electric from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Lincoln Electric from $236.00 to $250.00 and gave the company a “hold” rating in a report on Friday. Wall Street Zen raised shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Robert W. Baird cut their price target on shares of Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus price target of $231.40.

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.