GW&K Investment Management LLC Has $49.78 Million Position in Lincoln Electric Holdings, Inc. $LECO

GW&K Investment Management LLC lessened its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 207,714 shares of the industrial products company’s stock after selling 6,794 shares during the quarter. GW&K Investment Management LLC owned approximately 0.38% of Lincoln Electric worth $49,778,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LECO. Elyxium Wealth LLC bought a new position in shares of Lincoln Electric in the 4th quarter worth about $27,000. Geneos Wealth Management Inc. boosted its position in shares of Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Lincoln Electric during the fourth quarter worth approximately $64,000. United Community Bank bought a new stake in Lincoln Electric in the fourth quarter worth approximately $65,000. Finally, Rothschild Investment LLC increased its holdings in Lincoln Electric by 3,950.0% in the third quarter. Rothschild Investment LLC now owns 324 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 316 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LECO has been the topic of a number of research reports. Stifel Nicolaus set a $275.00 target price on shares of Lincoln Electric in a research report on Friday, May 1st. Jefferies Financial Group restated a “hold” rating and issued a $280.00 price target (down from $350.00) on shares of Lincoln Electric in a report on Tuesday, March 31st. Barclays upped their price objective on shares of Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Robert W. Baird set a $330.00 price objective on shares of Lincoln Electric in a research report on Friday, February 13th. Finally, Weiss Ratings upgraded Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lincoln Electric presently has a consensus rating of “Hold” and a consensus target price of $296.00.

View Our Latest Report on Lincoln Electric

Lincoln Electric Trading Up 1.7%

NASDAQ LECO opened at $265.45 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $259.15 and a 200 day simple moving average of $259.28. Lincoln Electric Holdings, Inc. has a 12 month low of $199.13 and a 12 month high of $310.00. The firm has a market capitalization of $14.54 billion, a P/E ratio of 27.39, a PEG ratio of 1.61 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECOGet Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.42 by $0.08. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that Lincoln Electric Holdings, Inc. will post 10.81 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 30th. Lincoln Electric’s payout ratio is presently 32.61%.

About Lincoln Electric

(Free Report)

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.

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

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