Cwm LLC Has $5.75 Million Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Cwm LLC raised its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 44.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,373 shares of the industrial products company’s stock after purchasing an additional 7,483 shares during the period. Cwm LLC’s holdings in Lincoln Electric were worth $5,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LECO. Panagora Asset Management Inc. increased its position in Lincoln Electric by 3.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,156 shares of the industrial products company’s stock valued at $240,000 after buying an additional 43 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Lincoln Electric by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 1,752 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 47 shares in the last quarter. YANKCOM Partnership grew its stake in Lincoln Electric by 8.7% in the second quarter. YANKCOM Partnership now owns 601 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 48 shares during the period. Claret Asset Management Corp increased its holdings in shares of Lincoln Electric by 5.0% during the second quarter. Claret Asset Management Corp now owns 1,112 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 53 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its position in shares of Lincoln Electric by 2.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 2,709 shares of the industrial products company’s stock worth $562,000 after purchasing an additional 56 shares during the period. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of Lincoln Electric from $235.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Roth Capital set a $285.00 price objective on shares of Lincoln Electric and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research lowered shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Stifel Nicolaus dropped their price target on shares of Lincoln Electric from $265.00 to $252.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, Wall Street Zen lowered Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.83.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $243.37 on Wednesday. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $252.00. The company’s 50 day moving average price is $237.22 and its two-hundred day moving average price is $233.13. The stock has a market cap of $13.39 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.81.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, October 30th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.08. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.Lincoln Electric’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.14 earnings per share. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.16 annualized dividend and a dividend yield of 1.3%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.75. Lincoln Electric’s payout ratio is 32.12%.

Lincoln Electric Profile

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.