Atria Wealth Solutions Inc. Has $1.10 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Atria Wealth Solutions Inc. raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,774 shares of the industrial products company’s stock after purchasing an additional 692 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lincoln Electric were worth $1,096,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LECO. Wood Tarver Financial Group LLC acquired a new stake in shares of Lincoln Electric during the 4th quarter valued at $68,000. Signaturefd LLC boosted its holdings in shares of Lincoln Electric by 77.1% during the 1st quarter. Signaturefd LLC now owns 425 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 185 shares in the last quarter. YANKCOM Partnership boosted its holdings in shares of Lincoln Electric by 12.2% during the 1st 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. Curat Global LLC acquired a new stake in shares of Lincoln Electric during the 1st quarter valued at $110,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Lincoln Electric by 36.1% during the 1st quarter. Parallel Advisors LLC now owns 600 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LECO shares. Morgan Stanley raised their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an “underweight” rating in a report on Tuesday, May 6th. Robert W. Baird lowered their target price on Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. KeyCorp raised their target price on Lincoln Electric from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their target price on Lincoln Electric from $236.00 to $250.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $231.40.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $238.21 on Tuesday. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $246.83. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.69 and a beta of 1.21. The business has a 50-day simple moving average of $217.12 and a 200 day simple moving average of $200.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 1.08.

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

Lincoln Electric Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.3%. Lincoln Electric’s payout ratio is 33.71%.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, EVP Gabriel Bruno sold 7,305 shares of Lincoln Electric stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $242.42, for a total transaction of $1,770,878.10. Following the completion of the transaction, the executive vice president owned 29,927 shares in the company, valued at approximately $7,254,903.34. The trade was a 19.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.41% of the company’s stock.

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.