Entropy Technologies LP Has $878,000 Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Entropy Technologies LP grew its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 31.7% in the 3rd quarter, Holdings Channel reports. The firm owned 4,575 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the quarter. Entropy Technologies LP’s holdings in Lincoln Electric were worth $878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased 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 buying an additional 68 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lincoln Electric during the 2nd quarter valued at about $28,000. UMB Bank n.a. lifted its stake 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 buying an additional 140 shares during the period. Quarry LP boosted its holdings in shares of Lincoln Electric by 41.5% during the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after buying an additional 88 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of 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 buying an additional 253 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analysts Set New Price Targets

LECO has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Stifel Nicolaus boosted their target price on Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.67.

Lincoln Electric Price Performance

LECO stock opened at $210.53 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The business has a 50-day simple moving average of $193.08 and a two-hundred day simple moving average of $197.56. The company has a market capitalization of $11.88 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million during the quarter, compared to analyst estimates of $988.07 million. During the same period in the prior year, the firm posted $2.40 EPS. Lincoln Electric’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts expect that Lincoln Electric Holdings, Inc. will post 8.78 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is currently 33.89%.

Insider Buying and Selling

In related news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.63% of the stock is owned by corporate insiders.

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.