Laurion Capital Management LP boosted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 383.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the industrial products company’s stock after buying an additional 11,900 shares during the quarter. Laurion Capital Management LP’s holdings in Lincoln Electric Holdings were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Lincoln Electric Holdings by 5.2% during the 1st 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 period. BlackRock Inc. lifted its holdings in Lincoln Electric Holdings by 1.0% during the 2nd quarter. BlackRock Inc. now owns 5,016,540 shares of the industrial products company’s stock worth $461,973,000 after buying an additional 48,850 shares during the period. JPMorgan Chase & Co. lifted its holdings in Lincoln Electric Holdings by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock worth $116,964,000 after buying an additional 59,464 shares during the period. Fisher Asset Management LLC lifted its holdings in Lincoln Electric Holdings by 4.4% during the 2nd quarter. Fisher Asset Management LLC now owns 1,072,063 shares of the industrial products company’s stock worth $98,726,000 after buying an additional 45,265 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Lincoln Electric Holdings by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 863,900 shares of the industrial products company’s stock worth $79,556,000 after buying an additional 8,070 shares during the period. 63.93% of the stock is currently owned by hedge funds and other institutional investors.

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares in the company, valued at $1,279,458.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.27% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at 92.84 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 $87.28 and a 200 day moving average price of $89.00. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 26.83 and a beta of 0.98.

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 business had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a yield of 1.51%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Several research analysts have commented on LECO shares. FBR & Co reaffirmed a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, August 4th. ValuEngine raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.86.

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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