Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is CM Wealth Advisors LLC’s 3rd Largest Position

CM Wealth Advisors LLC increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 25,909.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 178,942 shares of the industrial products company’s stock after acquiring an additional 178,254 shares during the period. Lincoln Electric comprises 16.8% of CM Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest position. CM Wealth Advisors LLC’s holdings in Lincoln Electric were worth $39,040,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. acquired a new stake in Lincoln Electric in the third quarter valued at approximately $1,055,000. Commonwealth Equity Services LLC raised its position in Lincoln Electric by 3.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,173 shares of the industrial products company’s stock worth $2,577,000 after buying an additional 473 shares during the last quarter. Raymond James & Associates boosted its holdings in Lincoln Electric by 4.5% in the third quarter. Raymond James & Associates now owns 119,034 shares of the industrial products company’s stock valued at $21,639,000 after purchasing an additional 5,133 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Lincoln Electric by 6.6% during the third quarter. Stratos Wealth Partners LTD. now owns 1,759 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 109 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Lincoln Electric by 8.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 721,598 shares of the industrial products company’s stock valued at $131,179,000 after purchasing an additional 58,695 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lincoln Electric

In other news, SVP Geoffrey P. Allman sold 3,306 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the sale, the senior vice president now directly owns 9,150 shares of the company’s stock, valued at $2,308,819.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Gabriel Bruno sold 12,820 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the completion of the sale, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the transaction, the senior vice president now directly owns 9,150 shares of the company’s stock, valued at $2,308,819.50. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Lincoln Electric Stock Down 2.3 %

Shares of Lincoln Electric stock traded down $5.09 during trading hours on Tuesday, reaching $220.04. 189,398 shares of the company were exchanged, compared to its average volume of 284,222. The firm has a market cap of $12.52 billion, a PE ratio of 23.79, a PEG ratio of 1.59 and a beta of 1.20. The stock’s fifty day moving average is $247.73 and its 200 day moving average is $220.50. Lincoln Electric Holdings, Inc. has a 1 year low of $164.00 and a 1 year high of $261.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.08. The business had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.65 earnings per share for the current year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Oppenheimer reiterated a “market perform” rating on shares of Lincoln Electric in a report on Monday. Robert W. Baird decreased their price target on Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley began coverage on shares of Lincoln Electric in a research report on Monday, January 8th. They issued an “underweight” rating and a $178.00 target price on the stock. Finally, KeyCorp lifted their price target on shares of Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $221.86.

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.