Advisor OS LLC Has $217,000 Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Advisor OS LLC boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,155 shares of the industrial products company’s stock after acquiring an additional 86 shares during the period. Advisor OS LLC’s holdings in Lincoln Electric were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the period. Private Advisor Group LLC boosted its stake in Lincoln Electric by 9.1% in the third quarter. Private Advisor Group LLC now owns 1,388 shares of the industrial products company’s stock valued at $266,000 after buying an additional 116 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Lincoln Electric in the third quarter valued at about $204,000. Diversify Wealth Management LLC boosted its stake in Lincoln Electric by 17.8% in the third quarter. Diversify Wealth Management LLC now owns 1,718 shares of the industrial products company’s stock valued at $333,000 after buying an additional 260 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of Lincoln Electric during the third quarter valued at about $65,000. Institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LECO. KeyCorp lifted their price target on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus cut their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Barclays lifted their price objective on Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.60.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $206.69 on Friday. The stock’s 50 day moving average is $195.90 and its 200 day moving average is $196.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25. The firm has a market cap of $11.66 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year 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 analysts’ consensus estimates of $2.03 by $0.54. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $995.94 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. As a group, research analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Lincoln Electric’s payout ratio is currently 36.81%.

Insiders Place Their Bets

In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of Lincoln Electric stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total value of $4,536,505.38. Following the completion of the sale, the chief executive officer now directly owns 54,660 shares in the company, valued at approximately $11,777,590.20. The trade was a 27.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.

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.