OneDigital Investment Advisors LLC Purchases New Holdings in Lincoln Electric Holdings, Inc. $LECO

OneDigital Investment Advisors LLC bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,903 shares of the industrial products company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Lincoln Electric during the 4th quarter valued at $27,000. United Community Bank bought a new stake in Lincoln Electric in the fourth quarter valued at about $65,000. State of Wyoming bought a new position in Lincoln Electric during the 2nd quarter worth approximately $69,000. Root Financial Partners LLC grew its position in shares of Lincoln Electric by 118.8% in the 1st quarter. Root Financial Partners LLC now owns 350 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 190 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lincoln Electric in the 4th quarter worth approximately $97,000. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LECO. UBS Group assumed coverage on shares of Lincoln Electric in a report on Monday, August 10th. They issued a “buy” rating and a $340.00 price objective for the company. Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Sunday. DA Davidson assumed coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. Morgan Stanley raised Lincoln Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $257.00 to $283.00 in a report on Monday, August 10th. Finally, Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Stock Performance

Lincoln Electric stock traded up $2.60 during midday trading on Monday, reaching $259.80. 124,872 shares of the stock traded hands, compared to its average volume of 387,812. Lincoln Electric Holdings, Inc. has a fifty-two week low of $216.22 and a fifty-two week high of $310.00. The company has a current ratio of 1.98, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.54 and a beta of 1.21. The firm has a fifty day moving average price of $268.47 and a two-hundred day moving average price of $263.38.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, beating 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current year.

Lincoln Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s dividend payout ratio is presently 31.57%.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.