Inspire Investing LLC Has $1.14 Million Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Inspire Investing LLC lifted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,056 shares of the industrial products company’s stock after buying an additional 249 shares during the quarter. Inspire Investing LLC’s holdings in Lincoln Electric were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Threadgill Financial LLC grew its holdings in Lincoln Electric by 5.6% during the first quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 67 shares during the period. Corient Private Wealth LLC grew its holdings in Lincoln Electric by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,241 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares during the period. Capital Advisors Ltd. LLC grew its holdings in Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Finally, Financial Counselors Inc. grew its holdings in Lincoln Electric by 0.3% during the first quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock valued at $6,673,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the sale, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at $1,966,880.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LECO shares. Robert W. Baird decreased their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. StockNews.com cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. KeyCorp cut their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Loop Capital cut their price target 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric currently has an average rating of “Hold” and an average target price of $218.29.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $187.83 on Friday. The company’s fifty day simple moving average is $193.07 and its 200-day simple moving average is $211.69. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The firm has a market cap of $10.69 billion, a PE ratio of 19.94, a P/E/G ratio of 1.31 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 8.97 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is currently 30.15%.

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.