Landscape Capital Management L.L.C. Buys New Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Landscape Capital Management L.L.C. bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,674 shares of the industrial products company’s stock, valued at approximately $705,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 68 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Lincoln Electric during the second quarter worth about $28,000. UMB Bank n.a. increased its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after buying an additional 140 shares during the last quarter. Quarry LP raised its stake in 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 buying an additional 88 shares during the period. Finally, Blue Trust Inc. lifted its position 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 buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insider Buying and Selling at Lincoln Electric

In other news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 approximately $1,966,880.88. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Stifel Nicolaus increased their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. KeyCorp lifted their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Robert W. Baird lowered their price target on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric presently has an average rating of “Hold” and a consensus price target of $220.00.

Lincoln Electric Trading Up 2.4 %

Shares of Lincoln Electric stock opened at $213.52 on Friday. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13. The stock has a market cap of $12.05 billion, a PE ratio of 25.48, a PEG ratio of 1.59 and a beta of 1.14. The firm has a 50-day moving average of $197.51 and a 200-day moving average of $196.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

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

Lincoln Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio (DPR) is 33.89%.

About Lincoln Electric

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.