Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Position Lifted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. boosted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,231 shares of the industrial products company’s stock after buying an additional 175 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Lincoln Electric were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LECO. Riverview Trust Co purchased a new stake in shares of Lincoln Electric during the first quarter worth $26,000. Capital Advisors Ltd. LLC raised its stake in shares of Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after buying an additional 68 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Lincoln Electric in the 1st quarter valued at approximately $35,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Lincoln Electric in the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insiders Place Their Bets

In related 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 completion of the transaction, the senior vice president now directly owns 11,178 shares in the company, valued at $1,966,880.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Price Performance

NASDAQ LECO opened at $191.50 on Friday. Lincoln Electric Holdings, Inc. has a 1 year low of $164.00 and a 1 year high of $261.13. The company has a fifty day simple moving average of $190.14 and a 200 day simple moving average of $207.21. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The company has a market cap of $10.90 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.40 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 earnings per share. On average, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 8.95 EPS for the current year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is currently 30.15%.

Analyst Ratings Changes

Several brokerages recently weighed in on LECO. Robert W. Baird cut their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

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.