Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,110 shares of the industrial products company’s stock after selling 68 shares during the period. Coldstream Capital Management Inc.’s holdings in Lincoln Electric were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln Electric in the 2nd quarter worth $28,000. UMB Bank n.a. lifted its position in Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares during the period. Quarry LP boosted its holdings 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 purchasing an additional 88 shares in the last quarter. Blue Trust Inc. increased its position in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 253 shares during the period. Finally, Gladius Capital Management LP purchased a new position in shares of Lincoln Electric during the 2nd quarter worth approximately $65,000. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LECO has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. KeyCorp increased their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $195.00 to $216.00 and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.17.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $207.63 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The company has a market capitalization of $11.72 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $204.53 and a two-hundred day moving average price of $195.78.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.09. The firm had revenue of $983.76 million during the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 EPS. As a group, research analysts expect that Lincoln Electric Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The business 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 $0.75 dividend. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio is currently 33.89%.

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.