Commerce Bank boosted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,755 shares of the industrial products company’s stock after buying an additional 235 shares during the period. Commerce Bank’s holdings in Lincoln Electric Holdings were worth $254,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in LECO. BlackRock Inc. grew its stake in Lincoln Electric Holdings by 4,647.7% in the 1st 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. Principal Financial Group Inc. grew its stake in Lincoln Electric Holdings by 91.2% in the 2nd quarter. Principal Financial Group Inc. now owns 843,705 shares of the industrial products company’s stock valued at $77,697,000 after buying an additional 402,372 shares during the last quarter. Vanguard Group Inc. grew its stake in Lincoln Electric Holdings by 5.2% in the 1st 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. Marathon Asset Management LLP grew its stake in Lincoln Electric Holdings by 193.1% in the 2nd 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. Finally, Point72 Asset Management L.P. acquired a new position in Lincoln Electric Holdings in the 1st quarter valued at about $7,809,000. Institutional investors and hedge funds own 64.68% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at 88.80 on Tuesday. 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 cap of $5.85 billion, a price-to-earnings ratio of 25.66 and a beta of 0.98. The firm’s 50 day moving average is $86.82 and its 200-day moving average is $88.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 40.46%.

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LECO has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, June 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $93.00 price target on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. FBR & Co reiterated an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Finally, BidaskClub lowered shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $89.86.

In related news, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total transaction of $425,083.20. Following the completion of the transaction, the vice president now owns 24,489 shares of the company’s stock, valued at $2,311,761.60. The sale was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $95.43, for a total transaction of $409,394.70. Following the transaction, the director now directly owns 45,943 shares of the company’s stock, valued at approximately $4,384,340.49. The disclosure for this sale can be found here. 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.

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

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