B. Riley Wealth Advisors Inc. Purchases 121 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,352 shares of the industrial products company’s stock after acquiring an additional 121 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Lincoln Electric were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Lincoln Electric by 97.9% during the third 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 period. Quarry LP increased its stake in Lincoln Electric by 41.5% during the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. raised its holdings in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the period. HM Payson & Co. bought a new position in Lincoln Electric in the third quarter valued at approximately $65,000. Finally, Covestor Ltd boosted its holdings in shares of Lincoln Electric by 60.2% in the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after buying an additional 159 shares during the period. 79.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. KeyCorp raised their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus boosted their price target on Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird decreased their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. One investment 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 a consensus price target of $225.17.

Lincoln Electric Stock Down 1.6 %

Shares of LECO stock opened at $199.15 on Wednesday. The firm’s fifty day moving average price is $205.01 and its two-hundred day moving average price is $195.80. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $11.24 billion, a P/E ratio of 23.76, a PEG ratio of 1.59 and a beta of 1.16.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to the consensus estimate of $988.07 million. During the same quarter in the previous year, the business earned $2.40 earnings per share. Lincoln Electric’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The business 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 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is presently 35.80%.

Lincoln Electric Company 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.