Quantum Financial Advisors LLC Invests $538,000 in Lincoln Electric Holdings, Inc. $LECO

Quantum Financial Advisors LLC bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,243 shares of the industrial products company’s stock, valued at approximately $538,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its holdings in shares of 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 worth $240,000 after purchasing an additional 43 shares during the period. Kera Capital Partners Inc. grew its holdings in shares of Lincoln Electric by 2.8% during the 3rd quarter. Kera Capital Partners Inc. now owns 1,692 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 46 shares during the period. Profund Advisors LLC increased its position in Lincoln Electric by 3.8% during the 3rd quarter. Profund Advisors LLC now owns 1,264 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 46 shares in the last quarter. Advisors Asset Management Inc. raised 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 valued at $363,000 after buying an additional 47 shares during the period. Finally, Ballentine Partners LLC lifted its position in Lincoln Electric by 2.6% during the third quarter. Ballentine Partners LLC now owns 1,992 shares of the industrial products company’s stock valued at $470,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $252.70 on Tuesday. The firm has a 50-day moving average of $272.54 and a two-hundred day moving average of $250.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.82 and a quick ratio of 1.16. The stock has a market cap of $13.85 billion, a P/E ratio of 27.11, a PEG ratio of 1.55 and a beta of 1.24. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, February 12th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Lincoln Electric’s dividend payout ratio is presently 33.91%.

Analyst Ratings Changes

LECO has been the topic of a number of research reports. Robert W. Baird set a $330.00 target price on shares of Lincoln Electric in a research note on Friday, February 13th. Wall Street Zen cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research report on Thursday, January 22nd. KeyCorp increased their target price on Lincoln Electric from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Morgan Stanley set a $240.00 price target on Lincoln Electric and gave the stock an “underweight” rating in a research report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $302.83.

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.