Logan Capital Management Inc. Grows Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Logan Capital Management Inc. raised its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,258 shares of the industrial products company’s stock after buying an additional 3,409 shares during the period. Logan Capital Management Inc.’s holdings in Lincoln Electric were worth $16,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Lincoln Electric in the 4th quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new stake in Lincoln Electric in the 4th quarter valued at about $64,000. United Community Bank purchased a new stake in Lincoln Electric in the 4th quarter valued at about $65,000. Geneos Wealth Management Inc. boosted its position in Lincoln Electric by 980.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after buying an additional 255 shares during the period. Finally, Rothschild Investment LLC boosted its position in Lincoln Electric by 3,950.0% in the 3rd quarter. Rothschild Investment LLC now owns 324 shares of the industrial products company’s stock valued at $76,000 after buying an additional 316 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LECO has been the subject of several research reports. KeyCorp boosted their price objective on shares of Lincoln Electric from $280.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings upgraded shares of Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Barclays increased their target price on shares of Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $275.00 target price on shares of Lincoln Electric in a report on Friday, May 1st. Finally, Robert W. Baird set a $330.00 target price on shares of Lincoln Electric in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lincoln Electric presently has an average rating of “Hold” and an average target price of $296.00.

Lincoln Electric Stock Up 1.8%

Shares of Lincoln Electric stock opened at $257.88 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. Lincoln Electric Holdings, Inc. has a 1 year low of $199.13 and a 1 year high of $310.00. The firm’s 50-day moving average is $259.50 and its two-hundred day moving average is $259.68. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.56 and a beta of 1.21.

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

Lincoln Electric Announces Dividend

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