Garrison Asset Management LLC Sells 211 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Garrison Asset Management LLC lowered its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,833 shares of the industrial products company’s stock after selling 211 shares during the period. Lincoln Electric makes up about 2.5% of Garrison Asset Management LLC’s holdings, making the stock its 9th biggest position. Garrison Asset Management LLC’s holdings in Lincoln Electric were worth $4,684,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Albert D Mason Inc. increased its stake in shares of Lincoln Electric by 0.8% in the 1st quarter. Albert D Mason Inc. now owns 5,719 shares of the industrial products company’s stock valued at $1,461,000 after acquiring an additional 44 shares in the last quarter. Threadgill Financial LLC increased its stake in Lincoln Electric by 5.6% in the first quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 67 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Lincoln Electric by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,241 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the period. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Price Performance

LECO opened at $178.79 on Friday. 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 current ratio of 2.06 and a quick ratio of 1.31. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.31 and a beta of 1.14. The firm’s fifty day moving average price is $193.25 and its two-hundred day moving average price is $213.20.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 earnings per share. As a group, analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s dividend payout ratio is presently 30.15%.

Wall Street Analyst Weigh In

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

Insider Activity at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 11,178 shares of the company’s stock, valued at $1,966,880.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is currently owned by company insiders.

Lincoln Electric 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.