Farrow Financial Inc. Buys 413 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Farrow Financial Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,931 shares of the industrial products company’s stock after purchasing an additional 413 shares during the quarter. Farrow Financial Inc.’s holdings in Lincoln Electric were worth $1,715,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 68 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lincoln Electric in the 2nd quarter valued at $28,000. UMB Bank n.a. raised its position in shares of Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 140 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Lincoln Electric by 41.5% during the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 88 shares during the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LECO shares. Stifel Nicolaus lifted their target price on Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Robert W. Baird reduced their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.67.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares in the company, valued at approximately $1,966,880.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded up $0.02 during midday trading on Friday, hitting $193.71. The company had a trading volume of 167,747 shares, compared to its average volume of 317,665. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.49 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 12-month low of $164.63 and a 12-month high of $261.13. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $189.66 and a 200 day simple moving average of $200.71.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $2.44 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts predict that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. Lincoln Electric’s dividend payout ratio is currently 32.16%.

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.