Apollon Wealth Management LLC Sells 132 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Apollon Wealth Management LLC lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,262 shares of the industrial products company’s stock after selling 132 shares during the period. Apollon Wealth Management LLC’s holdings in Lincoln Electric were worth $242,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 68 shares during the period. V Square Quantitative Management LLC purchased a new position in Lincoln Electric during the second quarter valued at $28,000. UMB Bank n.a. lifted its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares in the last quarter. Quarry LP lifted its position in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LECO shares. Stifel Nicolaus boosted their price objective on Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. StockNews.com downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. KeyCorp boosted their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird decreased their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Lincoln Electric has an average rating of “Hold” and a consensus price target of $220.00.

Lincoln Electric Trading Up 0.5 %

Shares of NASDAQ LECO opened at $207.07 on Tuesday. The stock has a market capitalization of $11.68 billion, a P/E ratio of 24.71, a PEG ratio of 1.57 and a beta of 1.14. The business’s 50 day moving average is $195.02 and its two-hundred day moving average is $197.08. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million for the quarter, compared to analysts’ expectations 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 firm posted $2.40 earnings per share. As a group, research analysts expect that Lincoln Electric Holdings, Inc. will post 8.75 EPS for the current year.

Lincoln Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.75 dividend. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.89%.

Insider Buying and Selling

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction of $193,556.00. Following the completion of the transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.63% of the stock is currently owned by company 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.