Chartwell Investment Partners LLC increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)


Chartwell Investment Partners LLC boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating ) by 2.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,881 shares of the industrial products company’s stock after buying an additional 417 shares during the period. Chartwell Investment Partners LLC’s holdings in Lincoln Electric were worth $2,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its position in Lincoln Electric by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,761 shares of the industrial products company’s stock valued at $656,000 after acquiring an additional 79 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Lincoln Electric by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,419 shares of the industrial products company’s stock valued at $895,000 after acquiring an additional 89 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Lincoln Electric by 5.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,736 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 90 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Lincoln Electric by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 14,169 shares of the industrial products company’s stock valued at $1,972,000 after acquiring an additional 90 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in Lincoln Electric by 0.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 14,760 shares of the industrial products company’s stock valued at $2,059,000 after acquiring an additional 110 shares in the last quarter. 74.17% of the shares are owned by hedge funds and other institutional investors.

LECO has been the subject of a number of analyst reports. Robert W. Baird boosted their target price on shares of Lincoln Electric from $154.00 to $163.00 in a report on Thursday, April 28th. Stifel Nicolaus reduced their price objective on shares of Lincoln Electric from $144.00 to $132.00 and set a “hold” rating for the company in a report on Monday, April 18th. Finally, StockNews.com cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Moderate Buy” and an average price target of $152.17, according to MarketBeat .

NASDAQ:LECO opened at $123.46 on Monday. The firm has a market cap of $7.17 billion, a P/E ratio of 22.41, a PEG ratio of 1.04 and a beta of 1.13. Lincoln Electric Holdings, Inc. has a 1-year low of $118.95 and a 1-year high of $148.54. The company’s fifty day moving average is $130.79 and its 200 day moving average is $131.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54, and a quick ratio of 0.89.

Lincoln Electric (NASDAQ:LECO – Get Rating ) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.47. The firm had revenue of $925.40 million for the quarter, compared to analyst estimates of $870.50 million. Lincoln Electric had a net margin of 9.65% and a return on equity of 48.22%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. In the same quarter last year, the business earned $1.37 earnings per share. Equities analysts expect that Lincoln Electric Holdings, Inc. will post 7.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.56 dividend. The ex-dividend date is Wednesday, June 29th. This represents an annualized dividend of $2.24 and a dividend yield of 1.81%. Lincoln Electric’s payout ratio is currently 40.65%.

Lincoln Electric Profile (Get Rating)

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures and markets welding, cutting and brazing products worldwide. The company operates in three segments: Americas Welding, International Welding and The Harris Products Group. Offers welding products including arc welding sources, plasma cutters, wire feed systems, robotic welding packages, integrated automation systems, fume extraction equipment, electrode consumables, welding fluxes and accessories, and specialty consumables for welding and manufacturing products.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)



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