Morey & Quinn Wealth Partners LLC Makes New $756,000 Investment in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Morey & Quinn Wealth Partners LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,030 shares of the industrial products company’s stock, valued at approximately $756,000.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in Lincoln Electric by 255.1% in the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 125 shares during the period. V Square Quantitative Management LLC grew its position in shares of Lincoln Electric by 54.1% in the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. increased its stake in Lincoln Electric by 37.5% during the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 106 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lincoln Electric in the fourth quarter valued at about $76,000. Finally, Blue Trust Inc. boosted its position in Lincoln Electric by 28.7% during the 4th quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Insider Buying and Selling

In related news, CEO Steven B. Hedlund sold 21,054 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the completion of the sale, the chief executive officer now directly owns 54,660 shares in the company, valued at approximately $11,777,590.20. The trade was a 27.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is owned by company insiders.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $196.35 on Wednesday. The stock has a market cap of $11.01 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $258.62. The company has a 50 day moving average of $198.64 and a 200 day moving average of $197.45. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $995.94 million. As a group, sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.75 per share. The ex-dividend date is Monday, March 31st. This represents a $3.00 annualized dividend and a yield of 1.53%. Lincoln Electric’s payout ratio is 36.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LECO. Barclays lifted their price target on Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. KeyCorp lifted their price objective on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.60.

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.