Trillium Asset Management LLC decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 22.2% during the second quarter, Holdings Channel reports. The fund owned 18,180 shares of the industrial products company’s stock after selling 5,173 shares during the period. Trillium Asset Management LLC’s holdings in Lincoln Electric Holdings were worth $1,674,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 worth $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 Lincoln Electric Holdings during the first quarter worth $39,506,000. Vanguard Group Inc. increased its stake in 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 worth $467,527,000 after buying an additional 267,768 shares during the last quarter. First Trust Advisors LP increased its stake in 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 worth $19,957,000 after buying an additional 160,556 shares during the last quarter. Finally, Marathon Asset Management LLP increased its stake in 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 worth $20,235,000 after buying an additional 144,222 shares during the last quarter. Institutional investors own 64.46% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at 87.02 on Wednesday. The company has a market cap of $5.74 billion, a P/E ratio of 25.15 and a beta of 0.97. Lincoln Electric Holdings, Inc. has a 12-month low of $59.27 and a 12-month high of $97.97. The company has a 50-day moving average price of $90.23 and a 200-day moving average price of $88.46.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s payout ratio is presently 40.46%.

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A number of equities research analysts have recently weighed in on LECO shares. Deutsche Bank AG dropped their target price 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 set a $93.00 target price on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Barclays PLC restated an “equal weight” rating and set a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a $88.00 target price (up previously from $86.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Finally, Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.67.

In other Lincoln Electric Holdings news, Director G Russell Lincoln sold 22,500 shares of Lincoln Electric Holdings 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 directly owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas A. Flohn sold 8,540 shares of Lincoln Electric Holdings stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $90.15, for a total value of $769,881.00. Following the transaction, the senior vice president now directly owns 31,160 shares in the company, valued at $2,809,074. The disclosure for this sale can be found here. Insiders have sold a total of 45,463 shares of company stock worth $4,140,642 over the last ninety days. 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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