Lincoln Electric Holdings, Inc. $LECO Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,725 shares of the industrial products company’s stock after acquiring an additional 54,762 shares during the period. Westfield Capital Management Co. LP’s holdings in Lincoln Electric were worth $80,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Lincoln Electric in the fourth quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in shares of Lincoln Electric in the fourth quarter worth $64,000. United Community Bank acquired a new position in shares of Lincoln Electric in the fourth quarter worth $65,000. Geneos Wealth Management Inc. grew its stake 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 acquiring an additional 255 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in shares of Lincoln Electric by 3,950.0% in the third quarter. Rothschild Investment LLC now owns 324 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 316 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $263.84 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. Lincoln Electric Holdings, Inc. has a 1 year low of $194.88 and a 1 year high of $310.00. The company has a market capitalization of $14.46 billion, a PE ratio of 27.23, a P/E/G ratio of 1.62 and a beta of 1.21. The company has a fifty day moving average of $258.50 and a two-hundred day moving average of $258.40.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.08. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Lincoln Electric’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 10.81 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th. Lincoln Electric’s dividend payout ratio is currently 32.61%.

Wall Street Analyst Weigh In

LECO has been the subject of several research reports. Robert W. Baird set a $330.00 price target on shares of Lincoln Electric in a research note on Friday, February 13th. KeyCorp boosted their target price on shares of Lincoln Electric from $280.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings upgraded shares of Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Morgan Stanley reiterated an “underweight” rating and set a $250.00 target price on shares of Lincoln Electric in a research note on Monday, May 4th. Finally, Barclays boosted their target price on shares of Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $296.00.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.