Fox Run Management L.L.C. Buys Shares of 2,440 Lincoln Electric Holdings, Inc. $LECO

Fox Run Management L.L.C. purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,440 shares of the industrial products company’s stock, valued at approximately $575,000.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC bought a new position in Lincoln Electric during the 3rd quarter worth $27,000. Frazier Financial Advisors LLC grew its position in shares of Lincoln Electric by 3,700.0% during the third quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Lincoln Electric in the 3rd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC lifted its position in Lincoln Electric by 82.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in Lincoln Electric by 3,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LECO shares. Wall Street Zen cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp increased their price objective on Lincoln Electric from $280.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Zacks Research cut Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Barclays boosted their price target on Lincoln Electric from $280.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus raised their price target on Lincoln Electric from $253.00 to $300.00 and gave the company a “hold” rating in a report on Friday, February 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $302.83.

Lincoln Electric Stock Performance

LECO opened at $287.05 on Friday. The business has a 50 day moving average price of $266.45 and a two-hundred day moving average price of $247.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.82 and a quick ratio of 1.16. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, February 12th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Lincoln Electric’s dividend payout ratio is presently 33.91%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.