Boston Trust Walden Corp Purchases 170 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Boston Trust Walden Corp boosted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,831 shares of the industrial products company’s stock after acquiring an additional 170 shares during the quarter. Boston Trust Walden Corp’s holdings in Lincoln Electric were worth $61,798,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LECO. Ritholtz Wealth Management grew its position in shares of Lincoln Electric by 4.8% in the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Lincoln Electric by 174.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 68 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position 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 acquiring an additional 70 shares during the period. Financial Counselors Inc. increased its position in shares of Lincoln Electric by 0.3% in the first quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock worth $6,673,000 after purchasing an additional 71 shares during the period. Finally, Greenleaf Trust raised its stake in Lincoln Electric by 3.1% in the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 71 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction that occurred 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 directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LECO. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird reduced their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their price target on Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.67.

Lincoln Electric Trading Up 0.0 %

NASDAQ LECO traded up $0.02 during trading hours on Friday, reaching $193.71. The company’s stock had a trading volume of 167,747 shares, compared to its average volume of 317,665. Lincoln Electric Holdings, Inc. has a 52 week low of $164.63 and a 52 week high of $261.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.31. The stock has a market cap of $10.98 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.49 and a beta of 1.14. The firm has a fifty day simple moving average of $189.66 and a 200-day simple moving average of $200.71.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.55%. Lincoln Electric’s dividend payout ratio is 32.16%.

Lincoln Electric Company 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.