Lincoln Electric Holdings, Inc. $LECO Stock Holdings Lifted by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 61.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,785 shares of the industrial products company’s stock after acquiring an additional 2,950 shares during the period. Diversify Wealth Management LLC’s holdings in Lincoln Electric were worth $2,005,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Lincoln Electric by 8.6% during the first quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp increased its stake in 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 worth $215,000 after purchasing an additional 963 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 worth $68,582,000 after buying an additional 29,505 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 buying an additional 10,961 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Lincoln Electric by 980.8% during the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after buying an additional 255 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LECO has been the subject of several recent analyst reports. DA Davidson started coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price for the company. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley reaffirmed an “underweight” rating and issued a $250.00 price objective on shares of Lincoln Electric in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a research report on Friday, May 1st. Five 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 MarketBeat.com, Lincoln Electric presently has a consensus rating of “Hold” and an average price target of $299.00.

Insider Buying and Selling

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the transaction, the executive vice president owned 9,319 shares in the company, valued at approximately $2,560,954.39. This represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.68% of the company’s stock.

Lincoln Electric Trading Up 0.1%

Shares of NASDAQ LECO opened at $251.20 on Tuesday. Lincoln Electric Holdings, Inc. has a one year low of $214.06 and a one year high of $310.00. The firm has a market capitalization of $13.76 billion, a PE ratio of 25.92, a PEG ratio of 1.55 and a beta of 1.20. 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 50-day moving average price of $262.93 and a two-hundred day moving average price of $263.00.

Lincoln Electric (NASDAQ:LECO) last released 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. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 EPS. As a group, analysts predict that Lincoln Electric Holdings, Inc. will post 10.82 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.16 dividend on an annualized basis and a yield of 1.3%. Lincoln Electric’s payout ratio is presently 32.61%.

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.