Algert Global LLC purchased a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,763 shares of the industrial products company’s stock, valued at approximately $1,175,000.

A number of other institutional investors have also made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its position in shares of Lincoln Electric Holdings by 3.6% in the first quarter. Great West Life Assurance Co. Can now owns 35,999 shares of the industrial products company’s stock valued at $3,124,000 after buying an additional 1,265 shares during the period. Advisory Services Network LLC acquired a new position in shares of Lincoln Electric Holdings during the first quarter valued at about $434,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Lincoln Electric Holdings during the first quarter valued at about $8,883,000. Wells Fargo & Company MN boosted its position in shares of Lincoln Electric Holdings by 115.1% in the first quarter. Wells Fargo & Company MN now owns 114,937 shares of the industrial products company’s stock valued at $9,984,000 after buying an additional 61,508 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Lincoln Electric Holdings by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,167 shares of the industrial products company’s stock valued at $1,925,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at 87.09 on Thursday. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 and a 12 month high of $97.97. The firm has a market capitalization of $5.74 billion, a PE ratio of 25.17 and a beta of 0.97. The firm has a 50-day moving average of $90.92 and a 200 day moving average of $88.33.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.61%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Several brokerages have issued reports on LECO. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Tuesday, June 20th. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $98.00 price target on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. FBR & Co restated an “outperform” rating on shares of Lincoln Electric Holdings in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $93.00 price target on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Electric Holdings has a consensus rating of “Hold” and a consensus price target of $89.67.

In other news, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total value of $1,999,575.00. Following the completion of the sale, the director now directly owns 248,032 shares in the company, valued at approximately $22,042,603.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathryn Jo Lincoln sold 4,290 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $95.43, for a total transaction of $409,394.70. Following the completion of the sale, the director now owns 45,943 shares of the company’s stock, valued at $4,384,340.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,463 shares of company stock valued at $4,140,642. Company insiders own 3.27% of the company’s stock.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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Institutional Ownership by Quarter for Lincoln Electric Holdings (NASDAQ:LECO)

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