Aigen Investment Management LP Invests $290,000 in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Aigen Investment Management LP purchased a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,334 shares of the industrial products company’s stock, valued at approximately $290,000.

Other hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Lincoln Electric in the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC grew its holdings in Lincoln Electric by 81.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock worth $31,000 after buying an additional 77 shares in the last quarter. Principal Securities Inc. acquired a new stake in Lincoln Electric in the 4th quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. increased its position in Lincoln Electric by 43.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Finally, Lindbrook Capital LLC raised its stake in Lincoln Electric by 46.9% during the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 60 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln Electric

In related news, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the sale, the senior vice president now owns 9,150 shares in the company, valued at approximately $2,308,819.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.63% of the stock is currently owned by insiders.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $202.47 on Friday. The company has a market capitalization of $11.52 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24. The stock has a fifty day moving average of $237.45 and a 200-day moving average of $226.63. Lincoln Electric Holdings, Inc. has a one year low of $164.00 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. The company had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. Lincoln Electric’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 earnings per share. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.57 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric’s payout ratio is 30.15%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Loop Capital reduced their price objective on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus lowered their price objective on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Robert W. Baird decreased their price target on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday. Finally, KeyCorp dropped their price objective on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $225.29.

Lincoln Electric Profile

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.