Principal Financial Group Inc. decreased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 804,549 shares of the industrial products company’s stock after selling 39,156 shares during the quarter. Principal Financial Group Inc. owned approximately 1.22% of Lincoln Electric Holdings worth $73,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in shares of Lincoln Electric Holdings by 584.5% during the 3rd quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock valued at $63,353,000 after buying an additional 590,070 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its stake in shares of Lincoln Electric Holdings by 8.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,300,000 shares of the industrial products company’s stock valued at $119,184,000 after buying an additional 100,000 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in shares of Lincoln Electric Holdings by 147.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 56,000 shares of the industrial products company’s stock valued at $5,134,000 after buying an additional 33,400 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Lincoln Electric Holdings by 1,285.3% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 301,350 shares of the industrial products company’s stock valued at $27,627,000 after buying an additional 279,596 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Lincoln Electric Holdings by 171.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 245,925 shares of the industrial products company’s stock valued at $22,546,000 after buying an additional 155,200 shares in the last quarter. Institutional investors own 62.32% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at $86.71 on Monday. The company has a market cap of $5,701.68, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Lincoln Electric Holdings, Inc. has a one year low of $71.62 and a one year high of $99.59. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric Holdings had a return on equity of 47.40% and a net margin of 15.85%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. equities analysts forecast that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.56 annualized dividend and a yield of 1.80%. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s payout ratio is presently 33.65%.

In other 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 sale, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.27% of the stock is owned by insiders.

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A number of research firms recently weighed in on LECO. B. Riley restated a “buy” rating on shares of Lincoln Electric Holdings in a research note on Wednesday, November 1st. Robert W. Baird set a $91.00 target price on shares of Lincoln Electric Holdings and gave the company a “hold” rating in a research note on Thursday, August 24th. FBR & Co restated a “buy” rating and set a $115.00 target price (up previously from $105.00) on shares of Lincoln Electric Holdings in a research note on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and set a $95.00 target price on shares of Lincoln Electric Holdings in a research note on Wednesday, October 4th. Finally, BidaskClub cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $96.43.

Lincoln Electric Holdings Company 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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