Boothbay Fund Management LLC Acquires 36,036 Shares of Lincoln Electric Holdings, Inc. $LECO

Boothbay Fund Management LLC grew its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 651.9% during the third quarter, HoldingsChannel.com reports. The firm owned 41,564 shares of the industrial products company’s stock after acquiring an additional 36,036 shares during the quarter. Boothbay Fund Management LLC’s holdings in Lincoln Electric were worth $9,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Lincoln Electric in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC grew its position in Lincoln Electric by 3,700.0% during the third quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Lincoln Electric during the third quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC increased its stake in Lincoln Electric by 82.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in Lincoln Electric by 3,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Trading Down 0.8%

Shares of LECO opened at $258.45 on Friday. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $310.00. The business’s fifty day moving average is $271.78 and its 200-day moving average is $249.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.82. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.61 and a beta of 1.24.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Lincoln Electric had a return on equity of 39.35% and a net margin of 12.30%.The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $2.57 EPS. Lincoln Electric’s revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.16 annualized dividend and a yield of 1.2%. Lincoln Electric’s payout ratio is presently 33.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley set a $240.00 target price on Lincoln Electric and gave the company an “underweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $330.00 price target on Lincoln Electric in a research report on Friday, February 13th. KeyCorp boosted their price target on Lincoln Electric from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Barclays increased their price objective on shares of Lincoln Electric from $280.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Wall Street Zen lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.83.

About Lincoln Electric

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.