Fulton Bank N.A. Has $1.26 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Fulton Bank N.A. decreased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,661 shares of the industrial products company’s stock after selling 146 shares during the period. Fulton Bank N.A.’s holdings in Lincoln Electric were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Lincoln Electric during the first quarter worth approximately $26,000. Capital Advisors Ltd. LLC grew its stake in shares of Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Lincoln Electric during the fourth quarter valued at approximately $32,000. Finally, Rise Advisors LLC bought a new stake in shares of Lincoln Electric during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Trading Down 0.0 %

LECO traded down $0.02 during mid-day trading on Tuesday, hitting $190.73. The stock had a trading volume of 304,754 shares, compared to its average volume of 344,168. The stock’s fifty day simple moving average is $193.37 and its 200-day simple moving average is $222.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.49. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $2.44 earnings per share. As a group, research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.03 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.71 per share. The ex-dividend date is Monday, September 30th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.49%. Lincoln Electric’s payout ratio is 30.15%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LECO. KeyCorp decreased their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. Loop Capital decreased their price target on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research note on Monday, April 29th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus raised their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lincoln Electric presently has an average rating of “Hold” and an average price target of $219.43.

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.