World Asset Management Inc boosted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,779 shares of the industrial products company’s stock after buying an additional 129 shares during the period. World Asset Management Inc’s holdings in Lincoln Electric Holdings were worth $440,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LECO. BlackRock Inc. boosted its stake in shares of Lincoln Electric Holdings by 4,647.7% in the first quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock valued at $431,493,000 after buying an additional 4,863,057 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Lincoln Electric Holdings during the first quarter valued at approximately $39,506,000. Vanguard Group Inc. boosted its stake in shares of Lincoln Electric Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock valued at $467,527,000 after buying an additional 267,768 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Lincoln Electric Holdings by 232.0% in the first quarter. First Trust Advisors LP now owns 229,765 shares of the industrial products company’s stock valued at $19,957,000 after buying an additional 160,556 shares during the last quarter. Finally, Marathon Asset Management LLP boosted its stake in shares of Lincoln Electric Holdings by 193.1% in the second quarter. Marathon Asset Management LLP now owns 218,915 shares of the industrial products company’s stock valued at $20,235,000 after buying an additional 144,222 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 86.07 on Friday. Lincoln Electric Holdings, Inc. has a 52 week low of $59.27 and a 52 week high of $97.97. The stock has a 50 day moving average price of $90.51 and a 200 day moving average price of $88.35. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 24.88 and a beta of 0.97.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

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Several analysts recently commented on LECO shares. Deutsche Bank AG dropped their price target on Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and issued a $93.00 target price on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. Barclays PLC restated an “equal weight” rating and issued a $82.00 target price (up from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Stifel Nicolaus restated a “hold” rating and issued a $88.00 target price (up from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Finally, Zacks Investment Research cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus target price of $89.67.

In other Lincoln Electric Holdings news, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the transaction, the director now owns 248,032 shares in the company, valued at $22,042,603.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $94.40, for a total value of $425,083.20. Following the transaction, the vice president now owns 24,489 shares in the company, valued at approximately $2,311,761.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,463 shares of company stock worth $4,140,642. 3.27% of the stock is currently owned by insiders.

Lincoln Electric Holdings Company Profile

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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