Semanteon Capital Management LP Invests $1.23 Million in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Semanteon Capital Management LP acquired a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,378 shares of the industrial products company’s stock, valued at approximately $1,225,000. Lincoln Electric comprises about 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC raised its position in Lincoln Electric by 194.4% in the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Lincoln Electric by 174.4% during the first 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 during the last quarter. V Square Quantitative Management LLC purchased a new stake in Lincoln Electric in the 2nd quarter valued at about $28,000. UMB Bank n.a. grew its holdings in Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares during the period. Finally, Quarry LP grew its stake in shares of Lincoln Electric by 41.5% during the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares during the period. 79.61% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $193,556.00. Following the completion of the transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.63% of the stock is owned by insiders.

Analysts Set New Price Targets

LECO has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Robert W. Baird decreased their price target on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $221.67.

Lincoln Electric Stock Performance

Shares of LECO traded up $3.29 during midday trading on Monday, hitting $197.00. 10,351 shares of the stock traded hands, compared to its average volume of 316,188. The business’s 50 day moving average price is $189.66 and its two-hundred day moving average price is $200.11. The firm has a market capitalization of $11.21 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $2.44 EPS. Lincoln Electric’s revenue was down 3.7% on a year-over-year basis. Equities research analysts predict that Lincoln Electric Holdings, Inc. will post 8.78 EPS for the current fiscal year.

Lincoln Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.52%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio is 31.85%.

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.