8,914 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Purchased by Sharkey Howes & Javer

Sharkey Howes & Javer purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,914 shares of the industrial products company's stock, valued at approximately $1,712,000.

Other large investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Lincoln Electric in the first quarter worth $26,000. Capital Advisors Ltd. LLC boosted its stake in Lincoln Electric by 194.4% in the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company's stock worth $27,000 after purchasing an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lincoln Electric by 174.4% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company's stock worth $27,000 after purchasing an additional 68 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Lincoln Electric in the second quarter worth $28,000. Finally, UMB Bank n.a. boosted its stake in Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company's stock worth $54,000 after purchasing an additional 140 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Trading Down 1.5 %

NASDAQ:LECO traded down $3.09 during mid-day trading on Monday, hitting $200.01. The company had a trading volume of 327,900 shares, compared to its average volume of 320,148. Lincoln Electric Holdings, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $261.13. The business's fifty day moving average is $189.43 and its two-hundred day moving average is $201.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06. The firm has a market cap of $11.38 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.43 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The company's quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that Lincoln Electric Holdings, Inc. will post 8.95 earnings per share for the current 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 issued a $0.75 dividend. This is an increase from Lincoln Electric's previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, December 31st. Lincoln Electric's dividend payout ratio is 31.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LECO. StockNews.com lowered Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Monday, October 14th. Robert W. Baird cut their price target on Lincoln Electric from $220.00 to $212.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus upped their price target on Lincoln Electric from $184.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $221.67.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares in the company, valued at $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.