Fulton Bank N.A. Purchases 180 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Fulton Bank N.A. raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,841 shares of the industrial products company’s stock after purchasing an additional 180 shares during the quarter. Fulton Bank N.A.’s holdings in Lincoln Electric were worth $1,314,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of Lincoln Electric during the 1st quarter valued at about $26,000. Capital Advisors Ltd. LLC grew 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 valued at $27,000 after purchasing an additional 70 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 68 shares during the period. Rise Advisors LLC bought a new stake in shares of Lincoln Electric during the 1st quarter valued at about $35,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Lincoln Electric during the 2nd quarter valued at approximately $28,000. 79.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction of $193,556.00. Following the sale, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LECO shares. Robert W. Baird cut their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Stifel Nicolaus boosted their price objective on Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $226.33.

Lincoln Electric Stock Down 0.2 %

NASDAQ LECO opened at $191.04 on Tuesday. The stock’s 50 day moving average is $189.43 and its 200 day moving average is $205.69. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13. The stock has a market cap of $10.87 billion, a PE ratio of 20.28, a P/E/G ratio of 1.40 and a beta of 1.14.

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

Lincoln Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.84 annualized dividend and a dividend yield of 1.49%. Lincoln Electric’s dividend payout ratio (DPR) is 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.