First Hawaiian Bank Acquires New Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

First Hawaiian Bank bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,688 shares of the industrial products company’s stock, valued at approximately $942,000.

Several other hedge funds have also added to or reduced their stakes in LECO. Contravisory Investment Management Inc. bought a new position in Lincoln Electric in the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC lifted its stake in shares of Lincoln Electric by 81.1% in the third 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. purchased a new stake in shares of Lincoln Electric during the fourth quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Lincoln Electric by 43.1% during the fourth 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 in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Lincoln Electric by 46.9% in the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 60 shares during the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Stock Up 0.8 %

LECO opened at $186.48 on Friday. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13. The firm’s 50 day simple moving average is $214.28 and its two-hundred day simple moving average is $225.95. The company has a current ratio of 2.24, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $10.61 billion, a PE ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.17.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The company had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $2.13 EPS. Lincoln Electric’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Lincoln Electric Holdings, Inc. will post 9.22 EPS for the current year.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.52%. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

Analyst Ratings Changes

Several brokerages have commented on LECO. Oppenheimer reiterated a “market perform” rating on shares of Lincoln Electric in a research note on Monday, April 29th. KeyCorp reduced their price objective on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Loop Capital lowered their target price on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Robert W. Baird lowered their price objective on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $225.29.

About Lincoln Electric

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.