Lincoln Electric Holdings, Inc. $LECO Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 252.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,293 shares of the industrial products company’s stock after buying an additional 5,938 shares during the quarter. Corient Private Wealth LLC’s holdings in Lincoln Electric were worth $1,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Lincoln Electric by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 197 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Lincoln Electric by 553.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 963 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Lincoln Electric by 8.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company’s stock valued at $68,582,000 after acquiring an additional 29,505 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Lincoln Electric by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company’s stock worth $26,017,000 after purchasing an additional 10,961 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in 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 during the period. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $264.15 on Tuesday. 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 50-day moving average of $263.96 and a two-hundred day moving average of $262.25. The stock has a market cap of $14.47 billion, a P/E ratio of 27.26, a PEG ratio of 1.64 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 1-year low of $205.36 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.08. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $2.16 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Lincoln Electric Holdings, Inc. will post 10.82 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group reissued a “hold” rating and issued a $280.00 price objective (down from $350.00) on shares of Lincoln Electric in a research report on Tuesday, March 31st. Stifel Nicolaus set a $275.00 target price on Lincoln Electric in a research report on Friday, May 1st. Wall Street Zen lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley reiterated an “underweight” rating and issued a $250.00 target price on shares of Lincoln Electric in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $299.00.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of Lincoln Electric stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total transaction of $232,214.45. Following the sale, the executive vice president directly owned 9,319 shares in the company, valued at $2,560,954.39. The trade was a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.68% of the stock is owned by corporate insiders.

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.