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

Daymark Wealth Partners LLC raised its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 67.0% during the first quarter, HoldingsChannel reports. The firm owned 6,446 shares of the industrial products company’s stock after buying an additional 2,585 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Lincoln Electric were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LECO. Sanctuary Advisors LLC grew its stake in shares of Lincoln Electric by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,712 shares of the industrial products company’s stock worth $944,000 after purchasing an additional 218 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Lincoln Electric by 266.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,272 shares of the industrial products company’s stock worth $238,000 after buying an additional 925 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in Lincoln Electric during the 4th quarter worth about $264,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Lincoln Electric during the 4th quarter worth about $1,539,000. Finally, IFP Advisors Inc increased its holdings in shares of Lincoln Electric by 7.5% in the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 56 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

LECO stock opened at $206.81 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $11.55 billion, a P/E ratio of 25.50, a PEG ratio of 1.52 and a beta of 1.20. The business has a 50 day simple moving average of $192.92 and a 200-day simple moving average of $193.45. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $222.52.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.06). Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The business had revenue of $365.45 million for the quarter, compared to analyst estimates of $974.39 million. During the same quarter in the prior year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 30th. Lincoln Electric’s dividend payout ratio is currently 36.99%.

Analysts Set New Price Targets

LECO has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. KeyCorp reduced their price objective on shares of Lincoln Electric from $245.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Robert W. Baird dropped their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Morgan Stanley boosted their price target on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an “underweight” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lincoln Electric has a consensus rating of “Moderate Buy” and an average price target of $206.40.

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.