Marcum Wealth LLC Buys 668 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Marcum Wealth LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,569 shares of the industrial products company’s stock after purchasing an additional 668 shares during the quarter. Marcum Wealth LLC’s holdings in Lincoln Electric were worth $857,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LECO. Meeder Advisory Services Inc. boosted its holdings in shares of Lincoln Electric by 58.8% during the 2nd quarter. Meeder Advisory Services Inc. now owns 1,842 shares of the industrial products company’s stock worth $347,000 after buying an additional 682 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Lincoln Electric by 12.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,576 shares of the industrial products company’s stock valued at $1,240,000 after purchasing an additional 730 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lincoln Electric by 7.8% in the second quarter. Dimensional Fund Advisors LP now owns 525,647 shares of the industrial products company’s stock worth $99,155,000 after purchasing an additional 38,206 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Lincoln Electric during the 2nd quarter worth about $3,042,000. Finally, Edgestream Partners L.P. boosted its stake in Lincoln Electric by 1,755.5% during the 2nd quarter. Edgestream Partners L.P. now owns 45,849 shares of the industrial products company’s stock valued at $8,649,000 after purchasing an additional 43,378 shares during the period. Institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp lifted their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus increased their price target on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.75.

Lincoln Electric Stock Performance

Shares of NASDAQ LECO opened at $186.45 on Tuesday. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.55 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13. The business has a fifty day simple moving average of $202.38 and a 200 day simple moving average of $195.87. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.09. The company had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 EPS. Sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 8.74 EPS for the current year.

Lincoln Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s payout ratio is currently 35.80%.

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.