Cumberland Partners Ltd Sells 3,400 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Cumberland Partners Ltd cut its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 41.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,900 shares of the industrial products company’s stock after selling 3,400 shares during the quarter. Cumberland Partners Ltd’s holdings in Lincoln Electric were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in Lincoln Electric by 54.1% in the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 105 shares during the period. Blue Trust Inc. grew its stake in shares of Lincoln Electric by 308.5% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the last quarter. HM Payson & Co. bought a new position in Lincoln Electric during the 3rd quarter valued at approximately $65,000. UMB Bank n.a. increased its position in Lincoln Electric by 37.5% during the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock valued at $73,000 after buying an additional 106 shares in the last quarter. Finally, Covestor Ltd raised its stake in Lincoln Electric by 60.2% during the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after buying an additional 159 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $211.64 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. The business has a 50-day simple moving average of $194.92 and a two-hundred day simple moving average of $196.18. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.54. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 9.32 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, March 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. Lincoln Electric’s payout ratio is 36.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LECO. Stifel Nicolaus reduced their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. Barclays increased their price objective on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday. KeyCorp lifted their target price on shares of Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Lincoln Electric currently has an average rating of “Moderate Buy” and a consensus price target of $233.60.

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.