Inspire Investing LLC made a new $235,000 investment in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)


Inspire Investing LLC acquired a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating ) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,706 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently made changes to their positions in LECO. Bessemer Group Inc. raised its position in Lincoln Electric by 15.3% during the 4th quarter. Bessemer Group Inc. now owns 1,232,261 shares of the industrial products company’s stock valued at $171,863,000 after buying an additional 163,826 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lincoln Electric by 18.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,657 shares of the industrial products company’s stock valued at $49,743,000 after purchasing an additional 55,767 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Lincoln Electric by 1,001.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 58,726 shares of the industrial products company’s stock valued at $8,191,000 after buying an additional 53,393 shares during the last quarter. Patten & Patten Inc. TN bought a new position in shares of Lincoln Electric in the 4th quarter valued at about $6,883,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Lincoln Electric in the 4th quarter valued at about $6,062,000. Institutional investors own 74.17% of the company’s shares.

A number of equities analysts recently issued reports on LECO shares. StockNews.com downgraded shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 12th. Robert W. Baird upped their target price on shares of Lincoln Electric from $154.00 to $163.00 in a report on Thursday, April 28th. Finally, Stifel Nicolaus cut their target price 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Lincoln Electric currently has an average rating of “Moderate Buy” and an average price target of $152.17, according to MarketBeat data.

NASDAQ:LECO opened at $123.46 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $118.95 and a twelve month high of $148.54. The company has a market cap of $7.17 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. The firm has a 50-day moving average of $130.79 and a 200-day moving average of $131.38. The company has a current ratio of 1.54, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83.

Lincoln Electric (NASDAQ:LECO – Get Rating ) last posted its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.47. Lincoln Electric had a net margin of 9.65% and a return on equity of 48.22%. The company had revenue of $925.40 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same period last year, the company earned $1.37 EPS. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will report 7.91 earnings per share for the current year.

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

About Lincoln Electric (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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