Vancity Investment Management Ltd Has $718,000 Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Vancity Investment Management Ltd trimmed its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,304 shares of the industrial products company’s stock after selling 224 shares during the period. Vancity Investment Management Ltd’s holdings in Lincoln Electric were worth $718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Birch Hill Investment Advisors LLC boosted its position in Lincoln Electric by 2.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 181,094 shares of the industrial products company’s stock valued at $39,381,000 after buying an additional 4,770 shares during the last quarter. Telos Capital Management Inc. bought a new position in Lincoln Electric in the 4th quarter valued at $925,000. Eagle Asset Management Inc. boosted its position in Lincoln Electric by 2,984.6% in the 4th quarter. Eagle Asset Management Inc. now owns 439,065 shares of the industrial products company’s stock valued at $95,479,000 after buying an additional 424,831 shares during the last quarter. Comerica Bank boosted its position in Lincoln Electric by 28.4% in the 4th quarter. Comerica Bank now owns 126,573 shares of the industrial products company’s stock valued at $27,525,000 after buying an additional 27,989 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in Lincoln Electric in the 4th quarter valued at $13,377,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LECO has been the topic of a number of recent research reports. Robert W. Baird decreased their price objective on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Stifel Nicolaus reduced their price target on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. KeyCorp reduced their price target on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Finally, Loop Capital reduced their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $225.29.

Lincoln Electric Trading Down 2.5 %

LECO stock traded down $4.58 during midday trading on Friday, hitting $182.24. 1,003,682 shares of the company’s stock were exchanged, compared to its average volume of 326,187. The stock’s fifty day moving average price is $220.29 and its 200-day moving average price is $226.39. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24. The company has a market cap of $10.37 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Lincoln Electric Holdings, Inc. has a one year low of $164.00 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The firm had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Research analysts predict that Lincoln Electric Holdings, Inc. will post 9.22 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric’s dividend payout ratio is 30.15%.

Lincoln Electric Company 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.