MGO One Seven LLC Raises Position in Lincoln Electric Holdings, Inc. $LECO

MGO One Seven LLC increased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 105.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,039 shares of the industrial products company’s stock after purchasing an additional 25,742 shares during the quarter. MGO One Seven LLC owned 0.09% of Lincoln Electric worth $11,801,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LECO. Oak Thistle LLC bought a new position in Lincoln Electric during the 3rd quarter valued at about $1,020,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Lincoln Electric by 216.1% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,945 shares of the industrial products company’s stock valued at $11,184,000 after buying an additional 36,878 shares during the period. Congress Asset Management Co. grew its stake in shares of Lincoln Electric by 13.0% during the third quarter. Congress Asset Management Co. now owns 86,305 shares of the industrial products company’s stock valued at $20,353,000 after buying an additional 9,897 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Lincoln Electric by 10.3% in the second quarter. Cerity Partners LLC now owns 106,746 shares of the industrial products company’s stock worth $22,131,000 after buying an additional 9,974 shares during the period. Finally, Boston Partners bought a new stake in shares of Lincoln Electric during the 2nd quarter worth approximately $141,550,000. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Trading Up 0.5%

LECO opened at $252.34 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.58 and a beta of 1.26. Lincoln Electric Holdings, Inc. has a 12 month low of $161.11 and a 12 month high of $255.06. The stock has a fifty day moving average price of $238.42 and a 200-day moving average price of $235.55.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. As a group, equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.3%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, December 31st. Lincoln Electric’s payout ratio is 33.83%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research report on Wednesday, October 8th. Stifel Nicolaus lowered their price target on Lincoln Electric from $265.00 to $252.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Roth Capital set a $285.00 price objective on Lincoln Electric and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Barclays lifted their target price on Lincoln Electric from $235.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has an average rating of “Moderate Buy” and a consensus price target of $244.83.

About Lincoln Electric

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.