Vident Investment Advisory LLC lifted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,505 shares of the industrial products company’s stock after purchasing an additional 63,667 shares during the period. Lincoln Electric accounts for 0.9% of Vident Investment Advisory LLC’s holdings, making the stock its 26th biggest holding. Vident Investment Advisory LLC owned about 0.31% of Lincoln Electric worth $18,912,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of LECO. Delpha Capital Management LLC acquired a new position in shares of Lincoln Electric during the fourth quarter worth $143,000. Elefante Mark B acquired a new position in shares of Lincoln Electric during the fourth quarter worth $211,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Lincoln Electric during the third quarter worth $219,000. Franklin Resources Inc. acquired a new position in shares of Lincoln Electric during the fourth quarter worth $226,000. Finally, Tradition Capital Management LLC acquired a new position in shares of Lincoln Electric during the fourth quarter worth $232,000. Institutional investors own 66.94% of the company’s stock.
Shares of NASDAQ LECO opened at $88.06 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $81.85 and a twelve month high of $101.34. The firm has a market cap of $5,895.20, a P/E ratio of 23.23, a PEG ratio of 1.65 and a beta of 1.10. The company has a quick ratio of 1.94, a current ratio of 2.60 and a debt-to-equity ratio of 0.76.
Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.05. Lincoln Electric had a net margin of 9.43% and a return on equity of 28.76%. The firm had revenue of $747.19 million during the quarter, compared to the consensus estimate of $696.97 million. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 32.5% compared to the same quarter last year. research analysts predict that Lincoln Electric Holdings, Inc. will post 4.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 28th. Lincoln Electric’s dividend payout ratio (DPR) is currently 41.16%.
LECO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. KeyCorp upgraded shares of Lincoln Electric from a “sector weight” rating to an “overweight” rating in a report on Monday, March 12th. Oppenheimer reissued a “hold” rating on shares of Lincoln Electric in a research note on Tuesday, December 12th. BidaskClub downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, UBS raised shares of Lincoln Electric from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $105.20.
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About Lincoln Electric
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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