Financial Counselors Inc. held its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,000 shares of the industrial products company’s stock at the end of the first quarter. Financial Counselors Inc.’s holdings in Lincoln Electric Holdings were worth $434,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC raised its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after buying an additional 112 shares during the last quarter. Park National Corp OH bought a new stake in Lincoln Electric Holdings during the first quarter worth $206,000. Cutter & CO Brokerage Inc. bought a new stake in Lincoln Electric Holdings during the fourth quarter worth $207,000. Neuburgh Advisers LLC increased its position in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Neuburgh Advisers LLC now owns 2,486 shares of the industrial products company’s stock worth $216,000 after buying an additional 154 shares during the last quarter. Finally, Commerce Bank purchased a new position in shares of Lincoln Electric Holdings during the first quarter worth approximately $219,000. Institutional investors and hedge funds own 64.56% of the company’s stock.
Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) traded down 0.683% during trading on Tuesday, hitting $96.695. 172,631 shares of the stock were exchanged. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 32.372 and a beta of 0.91. Lincoln Electric Holdings, Inc. has a 12-month low of $56.02 and a 12-month high of $97.97. The stock’s 50 day moving average is $90.96 and its 200-day moving average is $85.34.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Tuesday, April 18th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Lincoln Electric Holdings had a net margin of 8.70% and a return on equity of 30.17%. The firm had revenue of $580.90 million for the quarter, compared to the consensus estimate of $568.31 million. During the same period last year, the company posted $0.76 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post $3.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.44%. Lincoln Electric Holdings’s dividend payout ratio is presently 46.82%.
ILLEGAL ACTIVITY WARNING: This article was first published by Stock Observer and is owned by of Stock Observer. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.thestockobserver.com/2017/06/20/financial-counselors-inc-maintains-stake-in-lincoln-electric-holdings-inc-leco-updated-updated.html.
A number of equities analysts recently commented on LECO shares. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Tuesday. Barclays PLC reiterated an “equal weight” rating and set a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Deutsche Bank AG cut their price target on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and set a $88.00 price target (up from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.57.
In other Lincoln Electric Holdings news, Director Kathryn Jo Lincoln sold 4,290 shares of Lincoln Electric Holdings stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total transaction of $409,394.70. Following the completion of the transaction, the director now directly owns 45,943 shares of the company’s stock, valued at $4,384,340.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $94.40, for a total transaction of $425,083.20. Following the completion of the sale, the vice president now directly owns 24,489 shares of the company’s stock, valued at approximately $2,311,761.60. The disclosure for this sale can be found here. Insiders sold 60,930 shares of company stock valued at $5,529,686 over the last three months. 3.27% of the stock is owned by company insiders.
Lincoln Electric Holdings Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
Receive News & Ratings for Lincoln Electric Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.