17,599 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,599 shares of the industrial products company’s stock, valued at approximately $3,329,000.

Other large investors also recently bought and sold shares of the company. Mizuho Bank Ltd. purchased a new stake in shares of Lincoln Electric in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in Lincoln Electric by 255.1% in the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock valued at $33,000 after buying an additional 125 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Lincoln Electric by 54.1% in the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock valued at $56,000 after buying an additional 105 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Lincoln Electric during the 4th quarter worth $68,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Lincoln Electric during the 4th quarter worth $76,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LECO shares. Stifel Nicolaus increased their price target on Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Morgan Stanley increased their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an “underweight” rating in a report on Tuesday, May 6th. Barclays raised their price target on Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird lowered their target price on Lincoln Electric from $242.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.40.

Lincoln Electric Stock Down 1.5%

LECO opened at $201.27 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25. The business has a 50 day simple moving average of $189.00 and a 200-day simple moving average of $194.09. The stock has a market capitalization of $11.24 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.51 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 12 month low of $161.11 and a 12 month high of $222.52.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). The business had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.23 earnings per share. On average, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.49%. Lincoln Electric’s dividend payout ratio is presently 36.99%.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.