Tudor Investment Corp ET AL Has $12.10 Million Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Tudor Investment Corp ET AL lifted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3,475.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,307 shares of the industrial products company’s stock after acquiring an additional 49,872 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.09% of Lincoln Electric worth $12,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $297.00 target price (up from $285.00) on shares of Lincoln Electric in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research report on Thursday, January 22nd. Robert W. Baird set a $330.00 price target on Lincoln Electric in a report on Friday, February 13th. KeyCorp lifted their price objective on Lincoln Electric from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Wall Street Zen downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.83.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $249.72 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.78. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $310.00. The company has a fifty day moving average of $272.52 and a 200-day moving average of $250.14. The firm has a market capitalization of $13.69 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.55 and a beta of 1.24.

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

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Lincoln Electric’s dividend payout ratio is 33.91%.

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.