OneDigital Investment Advisors LLC Invests $485,000 in Lincoln Electric Holdings, Inc. $LECO

OneDigital Investment Advisors LLC bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,826 shares of the industrial products company’s stock, valued at approximately $485,000.

A number of other large investors also recently made changes to their positions in LECO. Elyxium Wealth LLC bought a new stake in Lincoln Electric in the 4th quarter valued at $27,000. Summit Securities Group LLC bought a new position in Lincoln Electric during the 4th quarter worth $46,000. State of Wyoming bought a new position in Lincoln Electric during the 2nd quarter worth $69,000. United Community Bank acquired a new stake in shares of Lincoln Electric during the fourth quarter worth $65,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Lincoln Electric by 980.8% during the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock worth $53,000 after buying an additional 255 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Insider Transactions at Lincoln Electric

In related news, EVP Michael J. Whitehead sold 845 shares of Lincoln Electric stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the transaction, the executive vice president directly owned 9,319 shares of the company’s stock, valued at $2,560,954.39. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.68% of the stock is owned by company insiders.

Lincoln Electric Stock Down 0.9%

LECO stock opened at $279.56 on Thursday. Lincoln Electric Holdings, Inc. has a 52 week low of $216.22 and a 52 week high of $310.00. The business has a 50-day simple moving average of $265.21 and a 200 day simple moving average of $265.77. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $15.24 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 earnings per share. Sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.11 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company 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 dividend yield of 1.1%. Lincoln Electric’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Upgrades and Downgrades

LECO has been the subject of several analyst reports. UBS Group initiated coverage on shares of Lincoln Electric in a research note on Monday, August 10th. They issued a “buy” rating and a $340.00 price objective for the company. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $257.00 to $283.00 in a report on Monday, August 10th. DA Davidson began 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 for the company. Finally, Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.22.

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.