Hanseatic Management Services Inc. lowered its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 34.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,438 shares of the industrial products company’s stock after selling 2,799 shares during the period. Hanseatic Management Services Inc.’s holdings in Lincoln Electric Holdings were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LECO. Teachers Advisors LLC raised its holdings in shares of Lincoln Electric Holdings by 24.3% during the first quarter. Teachers Advisors LLC now owns 81,797 shares of the industrial products company’s stock valued at $7,105,000 after purchasing an additional 15,989 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Lincoln Electric Holdings by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 524,325 shares of the industrial products company’s stock valued at $45,542,000 after purchasing an additional 27,648 shares during the period. Credit Suisse AG raised its holdings in shares of Lincoln Electric Holdings by 12.0% during the first quarter. Credit Suisse AG now owns 64,562 shares of the industrial products company’s stock valued at $5,607,000 after purchasing an additional 6,906 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $368,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Lincoln Electric Holdings by 1,863.2% during the second quarter. Meeder Asset Management Inc. now owns 5,438 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 5,161 shares during the period. Hedge funds and other institutional investors own 62.32% of the company’s stock.

A number of research firms recently weighed in on LECO. B. Riley restated a “buy” rating on shares of Lincoln Electric Holdings in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine lowered shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Lincoln Electric Holdings in a report on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus price target of $96.43.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded down $0.50 during mid-day trading on Thursday, reaching $85.88. 384,200 shares of the company’s stock were exchanged, compared to its average volume of 375,575. Lincoln Electric Holdings, Inc. has a twelve month low of $71.62 and a twelve month 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. The company has a market cap of $5,679.98, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a return on equity of 28.97% and a net margin of 11.34%. The firm had revenue of $669.50 million during the quarter, compared to the consensus estimate of $658.48 million. During the same period in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. research analysts predict that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.82%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 33.65%.

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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 value of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.27% of the company’s stock.

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.

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

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