Boothbay Fund Management LLC Has $10.75 Million Stock Position in Lincoln Electric Holdings, Inc. $LECO

Boothbay Fund Management LLC increased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,845 shares of the industrial products company’s stock after buying an additional 3,281 shares during the period. Boothbay Fund Management LLC’s holdings in Lincoln Electric were worth $10,747,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Lincoln Electric by 4.1% during the third quarter. Victory Capital Management Inc. now owns 1,850,816 shares of the industrial products company’s stock valued at $436,478,000 after acquiring an additional 72,826 shares during the period. Norges Bank acquired a new position in shares of Lincoln Electric during the fourth quarter valued at $415,155,000. Geode Capital Management LLC lifted its stake in shares of Lincoln Electric by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock valued at $313,175,000 after acquiring an additional 6,070 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Lincoln Electric by 14.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,280,116 shares of the industrial products company’s stock valued at $306,767,000 after acquiring an additional 158,305 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Lincoln Electric by 5,862.4% during the fourth quarter. M&T Bank Corp now owns 1,271,364 shares of the industrial products company’s stock valued at $304,670,000 after acquiring an additional 1,250,041 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Ratings Changes

LECO has been the topic of several research reports. Stifel Nicolaus set a $275.00 price target on Lincoln Electric in a research note on Friday, May 1st. DA Davidson began coverage on Lincoln Electric in a research note on Tuesday. They issued a “buy” rating and a $320.00 target price on the stock. Weiss Ratings raised Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Wall Street Zen lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $250.00 target price on shares of Lincoln Electric in a research note on Monday, May 4th. Five 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $299.00.

Lincoln Electric Trading Down 1.5%

NASDAQ:LECO opened at $269.57 on Thursday. Lincoln Electric Holdings, Inc. has a 1-year low of $199.13 and a 1-year high of $310.00. The business’s 50-day moving average price is $261.38 and its two-hundred day moving average price is $260.54. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.69 and a beta of 1.21.

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

Lincoln Electric Announces Dividend

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

Lincoln Electric Profile

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.