Boothbay Fund Management LLC Acquires 3,281 Shares of Lincoln Electric Holdings, Inc. $LECO

Boothbay Fund Management LLC boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,845 shares of the industrial products company’s stock after buying an additional 3,281 shares during the period. Boothbay Fund Management LLC owned approximately 0.08% of Lincoln Electric worth $10,747,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LECO. Elyxium Wealth LLC bought a new position in Lincoln Electric in the 4th quarter worth approximately $27,000. Geneos Wealth Management Inc. grew its holdings 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 worth $53,000 after purchasing an additional 255 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln Electric during the 4th quarter worth approximately $64,000. United Community Bank acquired a new stake in shares of Lincoln Electric during the 4th quarter worth approximately $65,000. Finally, Rothschild Investment LLC grew its holdings in shares of Lincoln Electric by 3,950.0% during the 3rd 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. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Price Performance

Shares of LECO stock opened at $269.57 on Thursday. The stock’s fifty day simple moving average is $261.38 and its 200 day simple moving average is $260.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.69 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a one year low of $199.13 and a one year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly 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. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.Lincoln Electric’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 EPS. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 10.81 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.16 annualized dividend and a yield of 1.2%. Lincoln Electric’s payout ratio is currently 32.61%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LECO shares. Stifel Nicolaus set a $275.00 price objective on Lincoln Electric in a report on Friday, May 1st. Barclays lifted their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. DA Davidson started coverage on Lincoln Electric in a report on Tuesday. They set a “buy” rating and a $320.00 price objective on the stock. Weiss Ratings raised Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $280.00 price objective (down from $350.00) on shares of Lincoln Electric in a report on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $299.00.

About Lincoln Electric

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.