Landscape Capital Management L.L.C. Sells 2,369 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Landscape Capital Management L.L.C. lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 64.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,305 shares of the industrial products company's stock after selling 2,369 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Lincoln Electric were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LECO. Jones Financial Companies Lllp raised its stake in shares of Lincoln Electric by 255.1% during the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 125 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Lincoln Electric by 54.1% in the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock worth $56,000 after buying an additional 105 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Lincoln Electric by 37.5% in the fourth quarter. UMB Bank n.a. now owns 389 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 106 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Lincoln Electric during the fourth quarter valued at approximately $76,000. Finally, Blue Trust Inc. increased its holdings 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 period. 79.61% of the stock is currently owned by institutional investors.

Remove Ads

Lincoln Electric Trading Up 2.4 %

Shares of Lincoln Electric stock traded up $4.21 during trading on Friday, reaching $181.13. The company's stock had a trading volume of 226,675 shares, compared to its average volume of 328,371. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.51 and a beta of 1.18. The firm's 50-day moving average is $194.60 and its two-hundred day moving average is $197.29. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $243.04. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.03 by $0.54. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $995.94 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. On average, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, March 31st. Lincoln Electric's dividend payout ratio (DPR) is presently 36.81%.

Wall Street Analyst Weigh In

LECO has been the subject of several research analyst reports. Barclays lifted their price objective on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. KeyCorp boosted their price objective on Lincoln Electric from $230.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Lincoln Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.60.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of the stock in a transaction 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 owns 54,660 shares of the company's stock, valued at $11,777,590.20. This represents a 27.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.63% of the company's stock.

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.