3,275 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Purchased by Crew Capital Management Ltd.

Crew Capital Management Ltd. bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,275 shares of the industrial products company’s stock, valued at approximately $614,000.

Several other large investors also recently modified their holdings of LECO. Jones Financial Companies Lllp boosted its position in 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 acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Lincoln Electric by 54.1% during the 4th quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 105 shares in the last quarter. UMB Bank n.a. boosted its position in Lincoln Electric by 37.5% during the 4th 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 in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Lincoln Electric during the 4th quarter valued at approximately $76,000. Finally, Covestor Ltd boosted its position in Lincoln Electric by 60.2% during the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 159 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Trading Down 3.3 %

Shares of Lincoln Electric stock opened at $193.61 on Wednesday. The company has a market capitalization of $10.86 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. The company has a fifty day moving average of $196.45 and a 200 day moving average of $197.08. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $995.94 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.75 per share. The ex-dividend date is Monday, March 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. Lincoln Electric’s payout ratio is 36.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LECO. KeyCorp lifted their price objective on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Stifel Nicolaus lowered their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Barclays lifted their target price on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.60.

Insider Activity

In related news, CEO Steven B. Hedlund sold 21,054 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $215.47, for a total value of $4,536,505.38. Following the completion of the transaction, the chief executive officer now owns 54,660 shares of the company’s stock, valued at approximately $11,777,590.20. This trade represents a 27.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.63% of the company’s stock.

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.