Cumberland Partners Ltd Has $1.31 Million Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Cumberland Partners Ltd increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 81.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the industrial products company’s stock after purchasing an additional 2,700 shares during the period. Cumberland Partners Ltd’s holdings in Lincoln Electric were worth $1,305,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Lincoln Electric in the 4th quarter worth $27,000. VisionPoint Advisory Group LLC raised its stake in shares of Lincoln Electric by 81.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 77 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Lincoln Electric by 43.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 50 shares during the period. Lindbrook Capital LLC raised its stake in shares of Lincoln Electric by 46.9% during the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 60 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Lincoln Electric by 151.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 239 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 144 shares during the period. 79.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Stifel Nicolaus lifted their price objective on Lincoln Electric from $239.00 to $241.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. KeyCorp lifted their price objective on Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Morgan Stanley began coverage on Lincoln Electric in a report on Monday, January 8th. They issued an “underweight” rating and a $178.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $210.50.

Insider Transactions at Lincoln Electric

In other news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the transaction, the senior vice president now directly owns 9,150 shares of the company’s stock, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Lincoln Electric Price Performance

LECO stock traded down $1.77 during mid-day trading on Wednesday, reaching $238.00. 146,529 shares of the company traded hands, compared to its average volume of 273,277. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.50. The company has a market capitalization of $13.53 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.63 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 52-week low of $155.21 and a 52-week high of $261.13. The company has a fifty day moving average price of $248.69 and a 200-day moving average price of $218.86.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, February 15th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.26. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Lincoln Electric had a return on equity of 45.09% and a net margin of 13.01%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.63 earnings per share for the current year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric’s payout ratio is 30.31%.

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.