Bank of New Hampshire lessened its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,987 shares of the industrial products company’s stock after selling 454 shares during the quarter. Bank of New Hampshire’s holdings in Lincoln Electric were worth $747,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted 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 purchasing an additional 140 shares in the last quarter. Quarry LP boosted 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 purchasing an additional 88 shares in the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 253 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Lincoln Electric in the 3rd quarter valued at $65,000. Finally, Covestor Ltd boosted its stake in shares of Lincoln Electric by 60.2% in the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.
Wall Street Analysts Forecast Growth
LECO has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price 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. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, KeyCorp lifted their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric currently has an average rating of “Moderate Buy” and a consensus price target of $225.17.
Lincoln Electric Trading Up 0.8 %
NASDAQ:LECO traded up $1.48 on Tuesday, hitting $186.86. 20,347 shares of the stock were exchanged, compared to its average volume of 169,132. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.55 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. 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 company’s 50-day moving average price is $203.42 and its 200 day moving average price is $195.95.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.09. The firm had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.40 EPS. On average, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share for the current year.
Lincoln Electric Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s payout ratio is currently 35.80%.
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.
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