DekaBank Deutsche Girozentrale lowered its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 14.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,600 shares of the industrial products company’s stock after selling 1,580 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Lincoln Electric were worth $902,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY grew its stake in Lincoln Electric by 3.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 21,088 shares of the industrial products company’s stock valued at $1,851,000 after acquiring an additional 673 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Lincoln Electric by 2.6% during the second quarter. Canada Pension Plan Investment Board now owns 26,700 shares of the industrial products company’s stock valued at $2,343,000 after acquiring an additional 675 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in Lincoln Electric by 2.5% during the second quarter. GHP Investment Advisors Inc. now owns 28,139 shares of the industrial products company’s stock valued at $2,469,000 after acquiring an additional 695 shares in the last quarter. Skylands Capital LLC grew its stake in Lincoln Electric by 1.9% during the third quarter. Skylands Capital LLC now owns 38,046 shares of the industrial products company’s stock valued at $3,555,000 after acquiring an additional 696 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Lincoln Electric by 11.5% during the second quarter. Janney Montgomery Scott LLC now owns 7,591 shares of the industrial products company’s stock valued at $666,000 after acquiring an additional 782 shares in the last quarter. 69.85% of the stock is owned by institutional investors.

LECO stock opened at $79.97 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.58 and a quick ratio of 1.88. Lincoln Electric Holdings, Inc. has a one year low of $75.07 and a one year high of $101.34. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.32 and a beta of 1.28.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $1.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.21. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%. The business had revenue of $737.10 million during the quarter, compared to analysts’ expectations of $763.42 million. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 4.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.39. Lincoln Electric’s payout ratio is currently 41.16%.

Several equities analysts recently commented on LECO shares. BidaskClub cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. ValuEngine raised shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Barclays set a $90.00 price objective on shares of Lincoln Electric and gave the company an “equal weight” rating in a research note on Friday, October 26th. KeyCorp reduced their price objective on shares of Lincoln Electric from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. Finally, Robert W. Baird set a $85.00 price objective on shares of Lincoln Electric and gave the company a “hold” rating in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Lincoln Electric has an average rating of “Hold” and an average target price of $102.44.

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About Lincoln Electric

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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

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