Lincoln Electric Holdings, Inc. $LECO Shares Purchased by Threadgill Financial LLC

Threadgill Financial LLC grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 519.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,646 shares of the industrial products company’s stock after purchasing an additional 20,665 shares during the quarter. Lincoln Electric comprises approximately 2.7% of Threadgill Financial LLC’s holdings, making the stock its 9th largest holding. Threadgill Financial LLC’s holdings in Lincoln Electric were worth $6,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Lincoln Electric by 11.5% in the second quarter. GAMMA Investing LLC now owns 1,940 shares of the industrial products company’s stock valued at $515,000 after purchasing an additional 200 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Lincoln Electric by 20.1% during the second quarter. Avior Wealth Management LLC now owns 2,058 shares of the industrial products company’s stock worth $546,000 after buying an additional 344 shares during the last quarter. Vigilare Wealth Management acquired a new position in shares of Lincoln Electric during the 2nd quarter worth about $208,000. Versant Capital Management Inc increased its stake in shares of Lincoln Electric by 10.2% in the 2nd quarter. Versant Capital Management Inc now owns 975 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 90 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Lincoln Electric by 22.0% in the 1st quarter. Pacer Advisors Inc. now owns 8,025 shares of the industrial products company’s stock valued at $1,999,000 after acquiring an additional 1,445 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LECO. Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Morgan Stanley increased their target price on shares of Lincoln Electric from $250.00 to $253.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Barclays lifted their price target on shares of Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Electric has a consensus rating of “Hold” and an average target price of $299.38.

Lincoln Electric Price Performance

Shares of LECO opened at $278.91 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The stock has a 50 day simple moving average of $260.89 and a 200 day simple moving average of $264.26. Lincoln Electric Holdings, Inc. has a 52-week low of $216.22 and a 52-week high of $310.00. The firm has a market capitalization of $15.20 billion, a PE ratio of 27.86, a P/E/G ratio of 1.68 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business earned $2.60 EPS. Lincoln Electric’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.1%. Lincoln Electric’s dividend payout ratio is currently 31.57%.

Insider Activity

In related news, EVP Michael J. Whitehead sold 845 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the sale, the executive vice president directly owned 9,319 shares in the company, valued at $2,560,954.39. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.68% of the stock is owned by corporate insiders.

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.