4,325 Shares in Lincoln Electric Holdings, Inc. $LECO Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the third quarter, according to its most recent filing with the SEC. The fund acquired 4,325 shares of the industrial products company’s stock, valued at approximately $1,020,000.

Several other hedge funds also recently made changes to their positions in LECO. Vermillion & White Wealth Management Group LLC lifted its holdings in Lincoln Electric by 82.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Lincoln Electric by 980.8% in the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock worth $53,000 after buying an additional 255 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Lincoln Electric in the second quarter valued at approximately $64,000. Brooklyn Investment Group grew its stake in Lincoln Electric by 279.6% during the first quarter. Brooklyn Investment Group now owns 353 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 260 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Lincoln Electric by 619.3% during the 2nd quarter. True Wealth Design LLC now owns 410 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 353 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $243.69 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.81. The stock has a market cap of $13.41 billion, a PE ratio of 26.09, a PEG ratio of 1.66 and a beta of 1.25. The company’s fifty day moving average is $235.88 and its 200 day moving average is $230.16. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $252.00.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.08. Lincoln Electric had a net margin of 12.56% and a return on equity of 40.33%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.75. Lincoln Electric’s dividend payout ratio is 32.12%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Roth Capital set a $285.00 price target on Lincoln Electric and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research downgraded shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lincoln Electric in a research note on Wednesday, October 8th. Finally, Barclays lifted their price objective on shares of Lincoln Electric from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.83.

Lincoln Electric Company 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.