Lifestyle Asset Management Inc. Has $1.32 Million Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Lifestyle Asset Management Inc. trimmed its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 19.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,159 shares of the industrial products company’s stock after selling 1,209 shares during the period. Lincoln Electric comprises about 0.8% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 26th biggest position. Lifestyle Asset Management Inc.’s holdings in Lincoln Electric were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Lincoln Electric in the 1st quarter worth $26,000. Contravisory Investment Management Inc. acquired a new stake in shares of Lincoln Electric during the 4th quarter valued at about $27,000. Capital Advisors Ltd. LLC boosted its position in shares of Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Lincoln Electric by 81.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 77 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Lincoln Electric during the 4th quarter valued at about $32,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

Shares of NASDAQ LECO traded up $0.28 during trading on Wednesday, reaching $185.67. The company had a trading volume of 138,350 shares, compared to its average volume of 337,583. Lincoln Electric Holdings, Inc. has a 52 week low of $164.00 and a 52 week high of $261.13. The stock has a market cap of $10.57 billion, a PE ratio of 19.71, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24. The business’s 50 day moving average price is $205.01 and its 200-day moving average price is $224.74.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. The company had revenue of $981.20 million during the quarter, compared to the consensus estimate of $1.04 billion. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Analysts expect that Lincoln Electric Holdings, Inc. will post 9.13 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is 30.15%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LECO. Loop Capital decreased their target price on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Robert W. Baird reduced their price target on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Finally, KeyCorp reduced 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 report on Friday, May 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $225.29.

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.