41,811 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Acquired by Executive Wealth Management LLC

Executive Wealth Management LLC bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 41,811 shares of the industrial products company's stock, valued at approximately $8,029,000. Executive Wealth Management LLC owned approximately 0.07% of Lincoln Electric as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LECO. Avior Wealth Management LLC grew its stake in shares of Lincoln Electric by 3.0% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company's stock worth $316,000 after purchasing an additional 48 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Lincoln Electric by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company's stock worth $316,000 after buying an additional 51 shares during the period. Ritholtz Wealth Management grew its position in shares of Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company's stock valued at $250,000 after buying an additional 60 shares during the last quarter. Greenleaf Trust increased its stake in shares of Lincoln Electric by 3.1% in the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company's stock valued at $454,000 after buying an additional 71 shares during the period. Finally, Quarry LP raised its position in shares of Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company's stock worth $57,000 after acquiring an additional 88 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LECO has been the topic of several analyst reports. StockNews.com upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Stifel Nicolaus increased their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. KeyCorp boosted their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Robert W. Baird decreased their price target on Lincoln Electric from $220.00 to $212.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $220.00.

Lincoln Electric Stock Up 0.4 %

Shares of NASDAQ LECO traded up $0.93 during trading on Tuesday, hitting $209.00. 365,928 shares of the company traded hands, compared to its average volume of 314,286. 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 business's fifty day moving average is $203.83 and its 200 day moving average is $195.61. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.60 and a beta of 1.16. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.09. The business had revenue of $983.76 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.40 earnings per share. Equities research analysts predict that Lincoln Electric Holdings, Inc. will post 8.75 earnings per share 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. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Lincoln Electric's previous quarterly dividend of $0.71. Lincoln Electric's payout ratio is 33.89%.

About Lincoln Electric

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.