Lawson Kroeker Investment Management Inc. NE increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 8.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,981 shares of the industrial products company’s stock after buying an additional 3,441 shares during the period. Lincoln Electric accounts for approximately 3.6% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 6th biggest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Lincoln Electric were worth $11,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mather Group LLC. increased its stake in shares of Lincoln Electric by 5.1% during the third quarter. Mather Group LLC. now owns 859 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 42 shares in the last quarter. Earned Wealth Advisors LLC boosted its position in shares of Lincoln Electric by 3.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 43 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Lincoln Electric by 1.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,220 shares of the industrial products company’s stock worth $1,117,000 after purchasing an additional 51 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Lincoln Electric by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 52 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC grew its stake in shares of Lincoln Electric by 4.6% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 1,241 shares of the industrial products company’s stock worth $318,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.
Lincoln Electric Stock Down 0.4%
Shares of Lincoln Electric stock opened at $255.96 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The stock has a market capitalization of $13.95 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 52-week low of $216.22 and a 52-week high of $310.00. The company has a 50-day simple moving average of $268.32 and a two-hundred day simple moving average of $264.40.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.12. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.18 EPS for the current fiscal year.
Lincoln Electric Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.79. Lincoln Electric’s dividend payout ratio (DPR) is presently 31.57%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on LECO. Stifel Nicolaus set a $271.00 price objective on Lincoln Electric in a research report on Monday. Wall Street Zen downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Morgan Stanley raised Lincoln Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $257.00 to $283.00 in a report on Monday, August 10th. Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, UBS Group initiated coverage on Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $306.78.
Get Our Latest Analysis on Lincoln Electric
About Lincoln Electric
Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer of welding, cutting and industrial automation products. The company serves customers in industries including construction, manufacturing, energy, transportation and heavy equipment.
Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories and personal protective equipment. Lincoln Electric also provides robotic and automated welding systems, industrial automation solutions, application engineering, training and maintenance services.
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