Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,374,605 shares of the industrial products company’s stock after acquiring an additional 12,461 shares during the period. JPMorgan Chase & Co. owned 5.72% of Lincoln Electric worth $470,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Moors & Cabot Inc. increased its holdings in shares of Lincoln Electric by 410.2% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the industrial products company’s stock worth $25,000 after buying an additional 20,100 shares during the last quarter. CWM LLC purchased a new stake in Lincoln Electric during the 4th quarter worth $25,000. National Bank of Canada FI purchased a new stake in Lincoln Electric during the 4th quarter worth $29,000. Sageworth Trust Co of South Dakota purchased a new stake in Lincoln Electric during the 4th quarter worth $40,000. Finally, UMB Bank N A MO purchased a new stake in Lincoln Electric during the 4th quarter worth $61,000. Institutional investors own 74.17% of the company’s stock.

LECO has been the subject of a number of research reports. StockNews.com cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 12th. Morgan Stanley upped their price target on shares of Lincoln Electric from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. Robert W. Baird upped their price target on shares of Lincoln Electric from $154.00 to $163.00 in a research report on Thursday, April 28th. Finally, Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $144.00 to $132.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $150.57.

Shares of LECO stock opened at $133.83 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.54. Lincoln Electric Holdings, Inc. has a one year low of $121.65 and a one year high of $148.54. The company’s 50-day simple moving average is $132.41 and its 200-day simple moving average is $134.15. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.14 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.63 by $0.47. The business had revenue of $925.40 million for the quarter, compared to analysts’ expectations of $870.50 million. Lincoln Electric had a net margin of 9.65% and a return on equity of 48.22%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. As a group, research analysts forecast that Lincoln Electric Holdings, Inc. will post 7.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.24 annualized dividend and a yield of 1.67%. Lincoln Electric’s dividend payout ratio (DPR) is 40.65%.

Lincoln Electric Profile (Get Rating)

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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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