B. Riley Wealth Advisors Inc. Has $833,000 Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

B. Riley Wealth Advisors Inc. grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,352 shares of the industrial products company’s stock after purchasing an additional 121 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Lincoln Electric were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LECO. Avior Wealth Management LLC grew its position in Lincoln Electric by 3.0% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock worth $316,000 after buying an additional 48 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 51 shares during the period. Ritholtz Wealth Management raised its stake in shares of Lincoln Electric by 4.8% in the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares in the last quarter. Greenleaf Trust lifted its position in Lincoln Electric by 3.1% in the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 71 shares during the period. Finally, Quarry LP boosted its stake in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after buying an additional 88 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

Shares of LECO stock opened at $199.15 on Wednesday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.59 and a beta of 1.16. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $205.01 and a 200 day moving average price of $195.80.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.05 by $0.09. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The company had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. During the same quarter in the previous year, the company earned $2.40 EPS. Lincoln Electric’s revenue was down 4.8% on a year-over-year basis. Research analysts expect that Lincoln Electric Holdings, Inc. will post 8.75 EPS for the current year.

Lincoln Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. Lincoln Electric’s payout ratio is presently 35.80%.

Wall Street Analysts Forecast Growth

LECO has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird cut their price target 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. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, KeyCorp upped their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.17.

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.