Tempo Wealth LLC Purchases Shares of 4,124 Lincoln Electric Holdings, Inc. $LECO

Tempo Wealth LLC purchased a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,124 shares of the industrial products company’s stock, valued at approximately $988,000.

Several other institutional investors have also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of Lincoln Electric during the 4th quarter valued at approximately $27,000. Summit Securities Group LLC bought a new stake in Lincoln Electric during the 4th quarter worth approximately $46,000. Geneos Wealth Management Inc. raised its stake in Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 255 shares during the period. V Square Quantitative Management LLC purchased a new position in Lincoln Electric during the fourth quarter valued at approximately $64,000. Finally, United Community Bank bought a new position in shares of Lincoln Electric in the fourth quarter worth approximately $65,000. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LECO has been the subject of a number of analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $250.00 price objective on shares of Lincoln Electric in a research note on Monday, May 4th. Stifel Nicolaus set a $275.00 target price on shares of Lincoln Electric in a research note on Friday, May 1st. Barclays increased their price target on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. DA Davidson assumed coverage on Lincoln Electric in a research report on Tuesday. They issued a “buy” rating and a $320.00 price objective on the stock. Finally, Wall Street Zen lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $299.00.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $275.37 on Friday. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.66 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 1 year low of $199.13 and a 1 year high of $310.00. The stock’s 50 day simple moving average is $262.05 and its two-hundred day simple moving average is $260.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, April 30th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $2.16 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 10.82 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.16 annualized dividend and a yield of 1.1%. Lincoln Electric’s dividend payout ratio (DPR) is 32.61%.

Insider Activity at Lincoln Electric

In other news, EVP Michael J. Whitehead sold 845 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the sale, the executive vice president directly owned 9,319 shares in the company, valued at $2,560,954.39. The trade was a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.68% of the stock is owned by insiders.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.