Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 44.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,032 shares of the industrial products company’s stock after purchasing an additional 1,863 shares during the quarter. Quantinno Capital Management LP’s holdings in Lincoln Electric were worth $1,158,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LECO. V Square Quantitative Management LLC acquired a new stake in Lincoln Electric during the second quarter worth about $28,000. UMB Bank n.a. grew its holdings in shares of Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares in the last quarter. Quarry LP grew its holdings in shares of Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 253 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of Lincoln Electric in the second quarter valued at approximately $65,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LECO. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. KeyCorp upped their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Stifel Nicolaus upped their price target on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.17.

Lincoln Electric Stock Down 0.7 %

LECO stock opened at $207.63 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $11.72 billion, a P/E ratio of 24.78, a PEG ratio of 1.60 and a beta of 1.16. The firm has a 50 day simple moving average of $204.53 and a 200-day simple moving average of $195.78.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million during the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.40 earnings per share. On average, equities research analysts predict that Lincoln Electric Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. Lincoln Electric’s payout ratio is 35.80%.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.