New Age Alpha Advisors LLC Buys Shares of 12,407 Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

New Age Alpha Advisors LLC bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,407 shares of the industrial products company's stock, valued at approximately $2,326,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Lincoln Electric in the fourth quarter worth approximately $307,344,000. Robotti Robert lifted its position in shares of Lincoln Electric by 0.6% during the 4th quarter. Robotti Robert now owns 50,309 shares of the industrial products company's stock valued at $9,431,000 after acquiring an additional 298 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Lincoln Electric by 15.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,735,527 shares of the industrial products company's stock valued at $325,359,000 after acquiring an additional 234,515 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Lincoln Electric by 16.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,017 shares of the industrial products company's stock worth $375,000 after acquiring an additional 279 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in Lincoln Electric by 0.7% in the fourth quarter. Financial Counselors Inc. now owns 31,505 shares of the industrial products company's stock worth $5,906,000 after purchasing an additional 215 shares during the period. Institutional investors own 79.61% of the company's stock.

Lincoln Electric Stock Down 7.3 %

NASDAQ LECO traded down $14.23 on Thursday, reaching $180.55. The company had a trading volume of 76,290 shares, compared to its average volume of 313,621. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10.12 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.51 and a beta of 1.18. The company's fifty day moving average is $198.35 and its 200 day moving average is $198.02. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $253.40.

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

Lincoln Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total value of $4,536,505.38. Following the transaction, the chief executive officer now owns 54,660 shares of the company's stock, valued at approximately $11,777,590.20. The trade was a 27.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.63% of the stock is currently owned by corporate insiders.

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.