Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Citadel Investment Advisory Inc.

Citadel Investment Advisory Inc. lowered its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,995 shares of the industrial products company’s stock after selling 49 shares during the quarter. Citadel Investment Advisory Inc.’s holdings in Lincoln Electric were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LECO. Cetera Advisor Networks LLC grew its holdings in shares of Lincoln Electric by 5.8% in the first quarter. Cetera Advisor Networks LLC now owns 2,027 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 111 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Lincoln Electric by 3.9% in the first quarter. Citigroup Inc. now owns 19,635 shares of the industrial products company’s stock valued at $2,706,000 after purchasing an additional 743 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Lincoln Electric in the first quarter valued at approximately $591,000. Panagora Asset Management Inc. acquired a new position in shares of Lincoln Electric in the first quarter valued at approximately $210,000. Finally, BlackRock Inc. grew its holdings in shares of Lincoln Electric by 0.7% in the first quarter. BlackRock Inc. now owns 5,200,068 shares of the industrial products company’s stock valued at $716,620,000 after purchasing an additional 38,059 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Up 0.3 %

Shares of NASDAQ:LECO opened at $250.05 on Thursday. The company has a market capitalization of $14.21 billion, a PE ratio of 26.69, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a current ratio of 2.24, a quick ratio of 1.50 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a twelve month low of $152.36 and a twelve month high of $261.13. The firm has a 50 day simple moving average of $244.78 and a 200-day simple moving average of $213.01.

Lincoln Electric (NASDAQ:LECOGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.26. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Lincoln Electric had a net margin of 13.01% and a return on equity of 45.09%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.57 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.14%. Lincoln Electric’s payout ratio is 30.31%.

Insider Activity

In other news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the transaction, the chief financial officer now directly owns 22,402 shares of the company’s stock, valued at approximately $5,554,575.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the transaction, the chief financial officer now directly owns 22,402 shares of the company’s stock, valued at approximately $5,554,575.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the transaction, the senior vice president now directly owns 9,150 shares in the company, valued at $2,308,819.50. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company’s stock.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of research reports. KeyCorp lifted their price objective on shares of Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $208.00 to $239.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Jefferies Financial Group lifted their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Morgan Stanley started coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They issued an “underweight” rating and a $178.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.25.

Read Our Latest Stock Report on LECO

Lincoln Electric Company Profile

(Free Report)

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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