Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 17.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,718 shares of the industrial products company’s stock after purchasing an additional 260 shares during the quarter. Diversify Wealth Management LLC’s holdings in Lincoln Electric were worth $333,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LECO. EverSource Wealth Advisors LLC lifted its holdings in Lincoln Electric by 174.4% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 68 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lincoln Electric during the 2nd quarter worth $28,000. UMB Bank n.a. increased its position in shares of Lincoln Electric by 97.9% during the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 140 shares during the last quarter. Quarry LP raised its holdings in Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares during the period. Finally, Blue Trust Inc. lifted its position in Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after buying an additional 253 shares during the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric Stock Up 4.8 %

Shares of NASDAQ LECO opened at $201.75 on Friday. The stock has a market cap of $11.43 billion, a P/E ratio of 22.85, a PEG ratio of 1.51 and a beta of 1.14. The business’s fifty day simple moving average is $189.73 and its 200-day simple moving average is $199.42. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The business had revenue of $983.76 million during the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.40 earnings per share. As a group, equities analysts predict that Lincoln Electric Holdings, Inc. will post 8.73 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio (DPR) is presently 32.16%.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the transaction, the senior vice president now owns 11,178 shares of the company’s stock, valued at $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LECO. Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $221.67.

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.