Lincoln Electric Holdings Inc. (NASDAQ:LECO) announced a quarterly dividend on Thursday, July 21st. Stockholders of record on Friday, September 30th will be paid a dividend of 0.32 per share on Friday, October 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 28th.

A number of analysts have recently commented on the company. Deutsche Bank AG assumed coverage on Lincoln Electric Holdings in a research note on Tuesday, September 6th. They issued a “hold” rating and a $70.00 target price on the stock. Wellington Shields downgraded Lincoln Electric Holdings to a “hold” rating in a research report on Wednesday, August 24th. TheStreet upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Zacks Investment Research upgraded Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $55.00 price target on shares of Lincoln Electric Holdings in a research report on Wednesday, July 27th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.13.

Lincoln Electric Holdings (NASDAQ:LECO) opened at 62.08 on Friday. Lincoln Electric Holdings has a one year low of $45.54 and a one year high of $65.33. The firm’s 50 day moving average price is $63.31 and its 200-day moving average price is $60.80. The firm has a market cap of $4.18 billion, a PE ratio of 60.68 and a beta of 1.18.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $592.40 million for the quarter, compared to analysts’ expectations of $589.08 million. Lincoln Electric Holdings had a return on equity of 25.46% and a net margin of 3.11%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Equities analysts predict that Lincoln Electric Holdings will post $3.24 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Lodge Hill Capital LLC bought a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $18,906,000. Thrivent Financial for Lutherans boosted its position in shares of Lincoln Electric Holdings by 1,147.4% in the second quarter. Thrivent Financial for Lutherans now owns 335,920 shares of the company’s stock valued at $19,846,000 after buying an additional 308,990 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $14,404,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Lincoln Electric Holdings by 25.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 559,529 shares of the company’s stock valued at $33,057,000 after buying an additional 112,380 shares during the period. Finally, Paloma Partners Management Co boosted its position in shares of Lincoln Electric Holdings by 380.5% in the second quarter. Paloma Partners Management Co now owns 67,128 shares of the company’s stock valued at $3,966,000 after buying an additional 53,159 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

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