Mount Yale Investment Advisors LLC Reduces Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Mount Yale Investment Advisors LLC reduced its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,641 shares of the industrial products company’s stock after selling 252 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Lincoln Electric were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Lincoln Electric during the 1st quarter valued at approximately $26,000. Capital Advisors Ltd. LLC grew its holdings in shares of Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Lincoln Electric by 174.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 68 shares during the period. V Square Quantitative Management LLC purchased a new position in Lincoln Electric in the 2nd quarter worth $28,000. Finally, Principal Securities Inc. purchased a new position in Lincoln Electric in the 4th quarter worth $32,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the sale, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at $1,966,880.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LECO shares. Robert W. Baird cut their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus upped their target price on Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $218.29.

Lincoln Electric Trading Up 1.0 %

Lincoln Electric stock opened at $187.28 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The firm has a market cap of $10.66 billion, a PE ratio of 19.88, a P/E/G ratio of 1.31 and a beta of 1.14. The stock’s 50 day simple moving average is $192.45 and its two-hundred day simple moving average is $209.96. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.44 earnings per share. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.71 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.84 dividend on an annualized basis and a yield of 1.52%. Lincoln Electric’s payout ratio is 30.15%.

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.