4,370 Shares in Lincoln Electric Holdings, Inc. $LECO Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,370 shares of the industrial products company’s stock, valued at approximately $1,031,000.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position 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 buying an additional 72,826 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in Lincoln Electric by 8.1% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 4,386 shares of the industrial products company’s stock valued at $1,013,000 after acquiring an additional 328 shares during the period. 111 Capital bought a new position in Lincoln Electric in the 3rd quarter valued at $203,000. Journey Strategic Wealth LLC purchased a new stake in Lincoln Electric in the third quarter worth $209,000. Finally, Foyston Gordon & Payne Inc lifted its position in shares of Lincoln Electric by 8.7% during the third quarter. Foyston Gordon & Payne Inc now owns 2,796 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Robert W. Baird set a $330.00 price target on shares of Lincoln Electric in a report on Friday, February 13th. Stifel Nicolaus upped their target price on shares of Lincoln Electric from $253.00 to $300.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Barclays raised their target price on shares of Lincoln Electric from $280.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Wall Street Zen cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln Electric in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.83.

Lincoln Electric Price Performance

NASDAQ LECO opened at $274.95 on Friday. The company has a market cap of $15.07 billion, a PE ratio of 29.50, a P/E/G ratio of 1.76 and a beta of 1.24. The firm’s 50 day moving average price is $269.34 and its 200-day moving average price is $248.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.82. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $310.00.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Lincoln Electric had a net margin of 12.30% and a return on equity of 39.35%. Lincoln Electric’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. Sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.16 dividend on an annualized basis and a yield of 1.1%. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.91%.

Lincoln Electric Company 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.