Deutsche Bank AG Buys New Shares in Lincoln Electric Holdings, Inc. $LECO

Deutsche Bank AG acquired a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,025 shares of the industrial products company’s stock, valued at approximately $1,600,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LECO. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Lincoln Electric during the second quarter worth about $48,000. OneDigital Investment Advisors LLC purchased a new position in Lincoln Electric in the second quarter valued at approximately $209,000. HBK Sorce Advisory LLC purchased a new stake in Lincoln Electric during the 2nd quarter worth $207,000. Global Retirement Partners LLC acquired a new stake in shares of Lincoln Electric in the second quarter valued at about $148,000. Finally, Bank of New York Mellon Corp acquired a new position in Lincoln Electric during the 2nd quarter worth approximately $108,330,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded up $2.60 during trading hours on Monday, reaching $259.80. The company’s stock had a trading volume of 124,872 shares, compared to its average volume of 387,812. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. Lincoln Electric Holdings, Inc. has a one year low of $216.22 and a one year high of $310.00. The company’s 50 day simple moving average is $268.47 and its 200 day simple moving average is $263.38. The stock has a market cap of $14.16 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. Lincoln Electric’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $2.60 earnings per share. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s payout ratio is 31.57%.

Wall Street Analyst Weigh In

LECO has been the topic of a number of recent research reports. Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. Morgan Stanley raised Lincoln Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. UBS Group assumed coverage on Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 price objective on the stock. DA Davidson started coverage on Lincoln Electric in a research note on Tuesday, June 16th. They set a “buy” rating and a $320.00 target price for the company. Finally, Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric has a consensus rating of “Moderate Buy” and a consensus target price of $307.22.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.