Raymond James Financial Services Advisors Inc. Buys 282 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Raymond James Financial Services Advisors Inc. increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 6,598 shares of the industrial products company’s stock after purchasing an additional 282 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Lincoln Electric were worth $850,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in LECO. Fifth Third Bancorp raised its holdings in Lincoln Electric by 33.5% in the 3rd quarter. Fifth Third Bancorp now owns 295 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 74 shares during the period. FMR LLC raised its holdings in Lincoln Electric by 32.9% during the second quarter. FMR LLC now owns 690 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 171 shares during the period. Psagot Investment House Ltd. bought a new stake in Lincoln Electric during the second quarter valued at about $132,000. Van ECK Associates Corp grew its position in shares of Lincoln Electric by 76.5% during the second quarter. Van ECK Associates Corp now owns 1,008 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 437 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of Lincoln Electric by 5.2% during the third quarter. Raymond James Trust N.A. now owns 1,735 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 85 shares in the last quarter. 74.02% of the stock is currently owned by institutional investors.

LECO has been the subject of several recent research reports. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “sell” rating and set a $141.00 price target for the company. in a research report on Tuesday, September 28th. Morgan Stanley lifted their price target on shares of Lincoln Electric from $138.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, December 9th. Loop Capital began coverage on shares of Lincoln Electric in a research note on Wednesday, January 5th. They set a “buy” rating and a $170.00 price target for the company. Finally, Oppenheimer lifted their price target on shares of Lincoln Electric from $158.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $149.50.

In other news, SVP Michael J. Whitehead sold 3,663 shares of the firm’s stock in a transaction on Friday, November 5th. The shares were sold at an average price of $143.27, for a total value of $524,798.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher L. Mapes sold 76,590 shares of Lincoln Electric stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $146.42, for a total transaction of $11,214,307.80. The disclosure for this sale can be found here. Company insiders own 3.35% of the company’s stock.

LECO opened at $135.60 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $110.52 and a twelve month high of $148.54. The company has a quick ratio of 0.95, a current ratio of 1.66 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $139.14 and a 200 day moving average price of $137.64. The company has a market cap of $8.01 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, October 28th. The industrial products company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.02. Lincoln Electric had a net margin of 8.66% and a return on equity of 42.54%. The company had revenue of $806.50 million during the quarter, compared to the consensus estimate of $806.23 million. During the same quarter in the prior year, the firm earned $1.10 EPS. Lincoln Electric’s quarterly revenue was up 20.6% on a year-over-year basis. As a group, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 6.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were given a dividend of $0.56 per share. The ex-dividend date was Thursday, December 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.51. Lincoln Electric’s dividend payout ratio (DPR) is presently 50.45%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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