Cetera Advisors LLC Buys 1,765 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Cetera Advisors LLC increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the industrial products company’s stock after acquiring an additional 1,765 shares during the period. Cetera Advisors LLC’s holdings in Lincoln Electric were worth $4,291,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LECO. Riverview Trust Co bought a new stake in Lincoln Electric during the 1st quarter worth approximately $26,000. Capital Advisors Ltd. LLC grew its position in 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 acquiring an additional 70 shares during the last quarter. Principal Securities Inc. bought a new stake in Lincoln Electric during the 4th quarter worth approximately $32,000. Rise Advisors LLC bought a new stake in Lincoln Electric during the 1st quarter worth approximately $35,000. Finally, Lindbrook Capital LLC grew its position in Lincoln Electric by 46.9% during the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 60 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LECO. Loop Capital decreased their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Robert W. Baird increased their price objective on Lincoln Electric from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus increased their price objective on Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. KeyCorp decreased their price objective on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $219.43.

Lincoln Electric Trading Down 1.5 %

Shares of LECO stock traded down $2.95 during trading hours on Friday, reaching $195.84. The company had a trading volume of 344,124 shares, compared to its average volume of 390,286. The company has a 50 day moving average of $193.78 and a 200 day moving average of $222.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.49. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.47 and a beta of 1.15. Lincoln Electric Holdings, Inc. has a 1-year low of $164.00 and a 1-year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 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 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 firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 EPS. On average, equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.03 EPS for the current year.

Lincoln Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s payout ratio is presently 30.15%.

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.