TLP Group LLC bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,768 shares of the industrial products company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LECO. BlackRock Inc. grew 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 worth $431,493,000 after acquiring an additional 4,863,057 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Lincoln Electric Holdings by 91.2% during the second 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. boosted its position in shares of Lincoln Electric Holdings by 5.2% during 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. FMR LLC purchased a new stake in shares of Lincoln Electric Holdings during the second quarter valued at $23,713,000. Finally, Marathon Asset Management LLP boosted its position in shares of Lincoln Electric Holdings by 193.1% during 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. 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 business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the sale, the vice president now owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.27% of the stock is currently owned by insiders.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 93.12 on Monday. The company has a market cap of $6.14 billion, a P/E ratio of 26.91 and a beta of 0.98. Lincoln Electric Holdings, Inc. has a 12-month low of $59.27 and a 12-month high of $97.97. The firm has a 50-day moving average price of $87.28 and a 200-day moving average price of $89.00.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business 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 company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. On average, analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently declared 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. 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 presently 40.46%.

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Several equities research analysts recently commented on LECO shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, August 4th. Zacks Investment Research cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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