MassMutual Private Wealth & Trust FSB Has $21.91 Million Position in Lincoln Electric Holdings, Inc. $LECO

MassMutual Private Wealth & Trust FSB lessened its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,507 shares of the industrial products company’s stock after selling 3,490 shares during the quarter. MassMutual Private Wealth & Trust FSB owned 0.15% of Lincoln Electric worth $21,906,000 as of its most recent SEC filing.

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

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the sale, the executive vice president owned 9,319 shares of the company’s stock, valued at $2,560,954.39. This represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LECO. Barclays upped their price target on Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Morgan Stanley upped their target price on shares of Lincoln Electric from $250.00 to $253.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Wall Street Zen cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus set a $275.00 price target on shares of Lincoln Electric in a report on Friday, May 1st. Finally, DA Davidson assumed coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lincoln Electric currently has an average rating of “Hold” and an average target price of $299.38.

Lincoln Electric Trading Up 2.5%

LECO stock opened at $267.79 on Tuesday. The business has a fifty day moving average price of $259.91 and a 200 day moving average price of $263.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.98 and a quick ratio of 1.20. Lincoln Electric Holdings, Inc. has a fifty-two week low of $216.22 and a fifty-two week high of $310.00. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.61 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.60 earnings per share. Analysts expect that Lincoln Electric Holdings, Inc. will post 10.85 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.79 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.16 annualized dividend and a yield of 1.2%. Lincoln Electric’s dividend payout ratio is 31.57%.

Lincoln Electric 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.