1,951 Shares in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,951 shares of the industrial products company’s stock, valued at approximately $366,000.

Several other hedge funds also recently bought and sold shares of LECO. Jones Financial Companies Lllp grew its stake in shares of Lincoln Electric by 255.1% in the 4th quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company’s stock valued at $33,000 after buying an additional 125 shares in the last quarter. V Square Quantitative Management LLC grew its position 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 acquiring an additional 105 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Lincoln Electric by 37.5% during the 4th quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 106 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Lincoln Electric during the 4th quarter valued at $76,000. Finally, Blue Trust Inc. lifted its stake in shares of Lincoln Electric by 28.7% in the 4th quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 96 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $197.26 on Thursday. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.51 and a beta of 1.18. The business has a 50 day moving average price of $198.74 and a 200 day moving average price of $197.45. The company has a quick ratio of 1.25, a current ratio of 1.87 and a debt-to-equity ratio of 0.87. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $258.62.

Lincoln Electric (NASDAQ:LECO) last posted 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 return on equity of 40.19% and a net margin of 11.63%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. Research analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.52%. Lincoln Electric’s dividend payout ratio is currently 36.81%.

Insider Activity

In related news, CEO Steven B. Hedlund sold 21,054 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the completion of the transaction, the chief executive officer now owns 54,660 shares in the company, valued at $11,777,590.20. This trade represents a 27.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their target price on Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus cut their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, KeyCorp lifted their price target on shares of Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.60.

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.