Mount Yale Investment Advisors LLC Sells 252 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Mount Yale Investment Advisors LLC lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,641 shares of the industrial products company’s stock after selling 252 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Lincoln Electric were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Lincoln Electric in the first quarter worth approximately $26,000. Capital Advisors Ltd. LLC increased its stake in Lincoln Electric by 194.4% in the first 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 during the period. EverSource Wealth Advisors LLC lifted its position in shares of Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 68 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Lincoln Electric during the second quarter worth $28,000. Finally, Principal Securities Inc. purchased a new stake in shares of Lincoln Electric during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of LECO opened at $187.28 on Tuesday. The stock has a market capitalization of $10.66 billion, a PE ratio of 19.88, a PEG ratio of 1.31 and a beta of 1.14. The company has a 50 day moving average price of $192.45 and a 200-day moving average price of $209.96. 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 Holdings, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. Equities analysts predict that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.84 annualized dividend and a yield of 1.52%. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Stifel Nicolaus raised their target price on shares of Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Robert W. Baird lowered 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $218.29.

Insiders Place Their Bets

In other news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the sale, the senior vice president now directly owns 11,178 shares in the company, valued at approximately $1,966,880.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is currently owned by corporate insiders.

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.