Morey & Quinn Wealth Partners LLC Takes $756,000 Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Morey & Quinn Wealth Partners LLC acquired a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,030 shares of the industrial products company’s stock, valued at approximately $756,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Lincoln Electric by 255.1% during the fourth 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. V Square Quantitative Management LLC boosted its holdings in shares of Lincoln Electric by 54.1% during the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 105 shares during the last quarter. UMB Bank n.a. grew its holdings in Lincoln Electric by 37.5% in the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock valued at $73,000 after buying an additional 106 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Lincoln Electric during the fourth quarter worth about $76,000. Finally, Blue Trust Inc. raised its position in shares of Lincoln Electric by 28.7% during the 4th quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock valued at $83,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Insider Buying and Selling at Lincoln Electric

In other news, CEO Steven B. Hedlund sold 21,054 shares of Lincoln Electric stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the transaction, the chief executive officer now directly owns 54,660 shares in the company, valued at approximately $11,777,590.20. This trade represents a 27.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is currently owned by insiders.

Lincoln Electric Stock Down 0.6 %

Shares of NASDAQ:LECO opened at $196.35 on Wednesday. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $258.62. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $198.64 and its two-hundred day moving average price is $197.45. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.51 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. On average, research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, March 31st. Lincoln Electric’s dividend payout ratio is currently 36.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus dropped their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. KeyCorp boosted their target price on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Barclays upped their price objective on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.60.

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.