WealthPLAN Partners LLC Sells 4,630 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

WealthPLAN Partners LLC reduced its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,815 shares of the industrial products company’s stock after selling 4,630 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lincoln Electric were worth $4,304,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LECO. Riverview Trust Co acquired a new position in Lincoln Electric in the first quarter worth $26,000. Capital Advisors Ltd. LLC lifted its position in Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 68 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Lincoln Electric in the 2nd quarter valued at about $28,000. Finally, Principal Securities Inc. bought a new position in shares of Lincoln Electric in the fourth quarter worth about $32,000. 79.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the transaction, the senior vice president now directly owns 11,178 shares in the company, valued at $1,966,880.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is currently owned by corporate insiders.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $184.32 on Tuesday. The company has a market capitalization of $10.49 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 52 week low of $164.00 and a 52 week high of $261.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06. The company’s 50 day moving average price is $193.25 and its two-hundred day moving average price is $212.90.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $2.44 earnings per share. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is currently 30.15%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LECO. KeyCorp decreased their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. StockNews.com cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Loop Capital cut their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus increased their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Robert W. Baird reduced their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $218.29.

Lincoln Electric Company 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.