Ameritas Investment Partners Inc. grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,508 shares of the industrial products company’s stock after buying an additional 302 shares during the period. Ameritas Investment Partners Inc. owned 0.06% of Lincoln Electric Holdings worth $3,822,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in shares of Lincoln Electric Holdings by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock valued at $435,000 after buying an additional 14 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its holdings in shares of Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after buying an additional 34 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Lincoln Electric Holdings by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock valued at $651,000 after buying an additional 78 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Lincoln Electric Holdings by 0.4% in the 2nd quarter. Private Trust Co. NA now owns 27,042 shares of the industrial products company’s stock valued at $2,490,000 after buying an additional 117 shares in the last quarter. Finally, World Asset Management Inc boosted its holdings in shares of Lincoln Electric Holdings by 2.8% in the 2nd quarter. World Asset Management Inc now owns 4,779 shares of the industrial products company’s stock valued at $440,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 63.93% of the company’s stock.

LECO has been the subject of several research analyst reports. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, August 4th. FBR & Co restated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.86.

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In other news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction on 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 transaction, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.27% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up 0.368% during mid-day trading on Wednesday, reaching $94.185. 51,739 shares of the company were exchanged. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.300 and a beta of 1.01. Lincoln Electric Holdings, Inc. has a 12 month low of $61.04 and a 12 month high of $97.97. The company’s 50-day moving average is $89.95 and its 200 day moving average is $89.70.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

Lincoln Electric Holdings 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.

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

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