Vaughan David Investments LLC IL Cuts Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Vaughan David Investments LLC IL trimmed its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,275 shares of the industrial products company’s stock after selling 530 shares during the period. Lincoln Electric comprises approximately 1.3% of Vaughan David Investments LLC IL’s portfolio, making the stock its 17th largest position. Vaughan David Investments LLC IL owned about 0.39% of Lincoln Electric worth $48,988,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Birch Hill Investment Advisors LLC boosted its position in Lincoln Electric by 2.7% during the fourth 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 period. Sapient Capital LLC purchased a new stake in Lincoln Electric during the fourth quarter valued at about $13,377,000. Cerity Partners LLC boosted its position in Lincoln Electric by 217.4% during the fourth quarter. Cerity Partners LLC now owns 66,373 shares of the industrial products company’s stock valued at $14,433,000 after buying an additional 45,464 shares during the period. Executive Wealth Management LLC boosted its position in Lincoln Electric by 17.8% during the fourth quarter. Executive Wealth Management LLC now owns 41,612 shares of the industrial products company’s stock valued at $9,049,000 after buying an additional 6,273 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Lincoln Electric during the fourth quarter valued at about $2,704,000. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the transaction, the chief financial officer now owns 22,402 shares in the company, valued at approximately $5,554,575.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of Lincoln Electric stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total value of $834,202.98. Following the sale, the senior vice president now directly owns 9,150 shares in the company, valued at approximately $2,308,819.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the sale, the chief financial officer now owns 22,402 shares in the company, valued at $5,554,575.90. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Lincoln Electric Trading Down 1.6 %

LECO stock traded down $3.96 during trading on Friday, reaching $238.60. The company had a trading volume of 217,850 shares, compared to its average volume of 278,988. Lincoln Electric Holdings, Inc. has a 52 week low of $155.21 and a 52 week high of $261.13. The business has a 50 day moving average of $247.48 and a 200 day moving average of $215.94. The company has a market cap of $13.56 billion, a P/E ratio of 25.46, a PEG ratio of 1.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.50.

Lincoln Electric (NASDAQ:LECOGet Free Report) last issued its earnings results on Thursday, February 15th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.26. Lincoln Electric had a net margin of 13.01% and a return on equity of 45.09%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 9.57 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, March 27th. Lincoln Electric’s dividend payout ratio is currently 30.31%.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of analyst reports. KeyCorp increased their target price on shares of Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Morgan Stanley initiated coverage on shares of Lincoln Electric in a report on Monday, January 8th. They set an “underweight” rating and a $178.00 target price for the company. Stifel Nicolaus increased their target price on shares of Lincoln Electric from $208.00 to $239.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, Jefferies Financial Group increased their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lincoln Electric has a consensus rating of “Hold” and a consensus target price of $210.25.

Check Out Our Latest Stock Report on Lincoln Electric

Lincoln Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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