Signaturefd LLC Sells 92 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Signaturefd LLC lessened its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 28.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230 shares of the industrial products company’s stock after selling 92 shares during the quarter. Signaturefd LLC’s holdings in Lincoln Electric were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Lincoln Electric by 174.4% in 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 last quarter. V Square Quantitative Management LLC bought a new position in shares of Lincoln Electric during the 2nd quarter worth $28,000. UMB Bank n.a. increased its holdings in Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 140 shares during the last quarter. Quarry LP raised its stake in Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 253 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Trading Up 0.1 %

Lincoln Electric stock opened at $197.26 on Thursday. The stock has a market cap of $11.23 billion, a P/E ratio of 20.94, a PEG ratio of 1.49 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The firm’s fifty day moving average price is $189.77 and its 200-day moving average price is $199.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06.

Lincoln Electric (NASDAQ:LECO) last issued 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $2.44 EPS. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.75 dividend. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.52%. Lincoln Electric’s dividend payout ratio is presently 31.85%.

Analyst Upgrades and Downgrades

LECO has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Robert W. Baird cut their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.67.

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 value of $193,556.00. Following the transaction, the senior vice president now owns 11,178 shares of the company’s stock, valued at $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is currently owned by insiders.

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.