Deutsche Bank AG Buys New Shares in Lincoln Electric Holdings, Inc. $LECO

Deutsche Bank AG purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 102,212 shares of the industrial products company’s stock, valued at approximately $3,613,000. Deutsche Bank AG owned about 0.19% of Lincoln Electric as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC increased its position in Lincoln Electric by 3.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 43 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Lincoln Electric by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company’s stock valued at $1,045,000 after acquiring an additional 52 shares during the period. Parallel Advisors LLC boosted its position in Lincoln Electric by 9.4% during the 1st quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 52 shares during the period. Jackson Thornton Wealth Management LLC raised its position in Lincoln Electric by 4.6% in the first quarter. Jackson Thornton Wealth Management LLC now owns 1,241 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 55 shares during the period. Finally, Versor Investments LP lifted its stake in shares of Lincoln Electric by 4.2% during the fourth quarter. Versor Investments LP now owns 1,563 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ LECO traded up $2.60 during trading hours on Monday, reaching $259.80. The company’s stock had a trading volume of 124,872 shares, compared to its average volume of 387,812. The company has a current ratio of 1.98, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $268.47 and a 200 day simple moving average of $263.38. Lincoln Electric Holdings, Inc. has a 52 week low of $216.22 and a 52 week high of $310.00. The stock has a market cap of $14.16 billion, a PE ratio of 25.93, a PEG ratio of 1.54 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 EPS. Equities research analysts predict that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s dividend payout ratio (DPR) is presently 31.57%.

Wall Street Analyst Weigh In

Several research firms recently commented on LECO. UBS Group initiated coverage on Lincoln Electric in a research report on Monday, August 10th. They set a “buy” rating and a $340.00 price target on the stock. Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. DA Davidson initiated coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price objective on the stock. Weiss Ratings upgraded Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric has a consensus rating of “Moderate Buy” and a consensus target price of $307.22.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.