Amalgamated Bank raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 12,387 shares of the industrial products company’s stock after buying an additional 641 shares during the quarter. Amalgamated Bank’s holdings in Lincoln Electric were worth $1,134,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elefante Mark B bought a new position in Lincoln Electric during the 4th quarter valued at approximately $211,000. Campbell & CO Investment Adviser LLC bought a new position in Lincoln Electric during the 3rd quarter valued at approximately $219,000. Tradition Capital Management LLC bought a new position in Lincoln Electric during the 4th quarter valued at approximately $232,000. IFC Holdings Incorporated FL bought a new position in Lincoln Electric during the 4th quarter valued at approximately $247,000. Finally, South Dakota Investment Council bought a new position in Lincoln Electric during the 3rd quarter valued at approximately $248,000. 66.94% of the stock is owned by institutional investors and hedge funds.
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at $93.78 on Wednesday. Lincoln Electric Holdings, Inc. has a twelve month low of $81.85 and a twelve month high of $101.34. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6,113.47, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 1.72 and a beta of 1.11.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.66%. Lincoln Electric’s payout ratio is currently 42.05%.
A number of research analysts have commented on the company. KeyCorp raised Lincoln Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday. Seaport Global Securities reiterated a “buy” rating and set a $110.00 target price on shares of Lincoln Electric in a report on Thursday, February 15th. B. Riley set a $115.00 target price on Lincoln Electric and gave the stock a “buy” rating in a report on Thursday, February 15th. BidaskClub downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Lincoln Electric presently has an average rating of “Buy” and an average target price of $105.20.
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Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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