Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Raised by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 44.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,032 shares of the industrial products company’s stock after acquiring an additional 1,863 shares during the quarter. Quantinno Capital Management LP’s holdings in Lincoln Electric were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Lincoln Electric in the 2nd quarter worth about $28,000. UMB Bank n.a. grew its stake 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 valued at $54,000 after buying an additional 140 shares in the last quarter. Quarry LP grew its stake in shares of Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Lincoln Electric by 308.5% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after buying an additional 253 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Lincoln Electric in the 3rd quarter valued at approximately $65,000. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Price Performance

Shares of LECO stock opened at $207.63 on Friday. The stock’s fifty day moving average is $204.53 and its 200-day moving average is $195.78. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a market capitalization of $11.72 billion, a PE ratio of 24.78, a PEG ratio of 1.60 and a beta of 1.16. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio (DPR) is currently 35.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird cut their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Stifel Nicolaus upped their target price on Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, KeyCorp upped their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.