Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by CM Wealth Advisors LLC

CM Wealth Advisors LLC raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 25,909.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,942 shares of the industrial products company’s stock after buying an additional 178,254 shares during the quarter. Lincoln Electric comprises 16.8% of CM Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. CM Wealth Advisors LLC owned approximately 0.31% of Lincoln Electric worth $39,040,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Lincoln Electric in the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lincoln Electric by 81.1% in 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 last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in 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 valued at $36,000 after purchasing an additional 50 shares during the period. Lindbrook Capital LLC grew its position in Lincoln Electric by 46.9% in 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 last quarter. Finally, First Horizon Advisors Inc. raised its stake in Lincoln Electric by 151.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 239 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LECO. Stifel Nicolaus lowered their price objective on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research note on Friday. Robert W. Baird dropped their price objective on Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating on the stock in a research note on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Lincoln Electric in a research note on Monday. Jefferies Financial Group upped their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Morgan Stanley initiated coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They issued an “underweight” rating and a $178.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $221.86.

Lincoln Electric Stock Down 2.3 %

Lincoln Electric stock traded down $5.09 during mid-day trading on Tuesday, hitting $220.04. 189,398 shares of the company’s stock were exchanged, compared to its average volume of 284,222. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13. The stock has a 50 day moving average of $247.73 and a two-hundred day moving average of $220.50. The stock has a market cap of $12.52 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.59 and a beta of 1.20. The company has a current ratio of 2.24, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. The business had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. Lincoln Electric’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. As a group, analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.65 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the sale, the senior vice president now owns 9,150 shares in the company, valued at approximately $2,308,819.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on 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 directly owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the sale, the senior vice president now directly owns 9,150 shares in the company, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

About Lincoln Electric

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.