Logan Capital Management Inc. Buys 3,409 Shares of Lincoln Electric Holdings, Inc. $LECO

Logan Capital Management Inc. increased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,258 shares of the industrial products company’s stock after acquiring an additional 3,409 shares during the quarter. Logan Capital Management Inc. owned about 0.12% of Lincoln Electric worth $16,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LECO. NewEdge Advisors LLC raised its stake in Lincoln Electric by 8.6% during the first quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 197 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Lincoln Electric by 553.4% during the first quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 963 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Lincoln Electric by 8.9% during the first quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company’s stock valued at $68,582,000 after purchasing an additional 29,505 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Lincoln Electric by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company’s stock valued at $26,017,000 after purchasing an additional 10,961 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Lincoln Electric by 980.8% during the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 1.8%

Shares of LECO opened at $257.88 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $199.13 and a twelve month high of $310.00. The company has a market cap of $14.13 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $259.50 and its 200-day simple moving average is $259.68.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.08. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 10.81 EPS for the current year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s dividend payout ratio is currently 32.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Robert W. Baird set a $330.00 price target on shares of Lincoln Electric in a research note on Friday, February 13th. Morgan Stanley reaffirmed an “underweight” rating and set a $250.00 price target on shares of Lincoln Electric in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, KeyCorp upped their price target on shares of Lincoln Electric from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lincoln Electric presently has an average rating of “Hold” and an average price target of $296.00.

Lincoln Electric 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.