Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Holdings Decreased by Monument Capital Management

Monument Capital Management decreased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,984 shares of the industrial products company’s stock after selling 901 shares during the quarter. Monument Capital Management’s holdings in Lincoln Electric were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Lincoln Electric during the first quarter valued at $26,000. Contravisory Investment Management Inc. acquired a new stake in Lincoln Electric during the fourth quarter valued at $27,000. Capital Advisors Ltd. LLC boosted its position in Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in Lincoln Electric by 81.1% during the third quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Lincoln Electric during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

Shares of NASDAQ LECO traded up $0.60 during trading hours on Wednesday, hitting $185.99. 50,997 shares of the company’s stock were exchanged, compared to its average volume of 336,859. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.49. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.38 and a beta of 1.15. The company’s 50-day moving average price is $206.05 and its 200-day moving average price is $225.02.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The business had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 9.13 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 Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 1.53%. Lincoln Electric’s dividend payout ratio is 30.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital reduced their price objective on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, May 24th. KeyCorp reduced their price target on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Robert W. Baird reduced their price target on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus reduced their price target on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $225.29.

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.