Algert Global LLC Raises Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Algert Global LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,630 shares of the industrial products company’s stock after purchasing an additional 5,340 shares during the period. Algert Global LLC owned approximately 0.07% of Lincoln Electric worth $8,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC purchased a new position in Lincoln Electric in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC raised its position in shares of Lincoln Electric by 3,700.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Lincoln Electric during the 3rd quarter worth $31,000. Vermillion & White Wealth Management Group LLC grew its position in Lincoln Electric by 82.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Lincoln Electric by 3,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 193 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a report on Thursday, January 22nd. Barclays increased their price objective on Lincoln Electric from $280.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Roth Mkm reissued a “buy” rating and set a $297.00 price objective (up from $285.00) on shares of Lincoln Electric in a report on Tuesday, February 3rd. Finally, KeyCorp boosted their target price on Lincoln Electric from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lincoln Electric presently has an average rating of “Moderate Buy” and an average target price of $302.83.

Lincoln Electric Price Performance

LECO opened at $259.27 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.82. The stock has a market capitalization of $14.21 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. The stock’s 50 day moving average price is $272.02 and its 200-day moving average price is $249.80. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 earnings per share. On average, equities research analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. Lincoln Electric’s payout ratio is presently 33.91%.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.