Private Trust Co. NA maintained its position in Lincoln Electric Holdings Inc. (NASDAQ:LECO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,350 shares of the company’s stock at the end of the third quarter. Private Trust Co. NA’s holdings in Lincoln Electric Holdings were worth $1,650,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in LECO. Adage Capital Partners GP L.L.C. bought a new position in Lincoln Electric Holdings during the first quarter valued at approximately $2,762,000. Metropolitan Life Insurance Co. NY boosted its position in Lincoln Electric Holdings by 0.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 61,820 shares of the company’s stock valued at $3,621,000 after buying an additional 280 shares during the last quarter. Barclays PLC boosted its position in Lincoln Electric Holdings by 22.1% in the first quarter. Barclays PLC now owns 7,253 shares of the company’s stock valued at $420,000 after buying an additional 1,314 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Lincoln Electric Holdings by 141.3% in the first quarter. Panagora Asset Management Inc. now owns 163,451 shares of the company’s stock valued at $9,573,000 after buying an additional 95,702 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in Lincoln Electric Holdings by 53.9% in the first quarter. Squarepoint Ops LLC now owns 20,239 shares of the company’s stock valued at $1,185,000 after buying an additional 7,090 shares during the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.

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

Shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) traded down 0.18% during midday trading on Monday, reaching $77.04. 316,013 shares of the company’s stock were exchanged. Lincoln Electric Holdings Inc. has a 12 month low of $45.54 and a 12 month high of $78.08. The company’s 50 day moving average is $68.27 and its 200-day moving average is $63.21. The stock has a market cap of $5.09 billion, a PE ratio of 27.70 and a beta of 0.81.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Friday, October 21st. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. The firm earned $567 million during the quarter, compared to analysts’ expectations of $549.04 million. During the same period in the previous year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities analysts forecast that Lincoln Electric Holdings Inc. will post $3.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Saturday, December 31st will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 46.04%.

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LECO has been the subject of a number of recent research reports. Wellington Shields upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a research note on Wednesday, August 3rd. TheStreet upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Deutsche Bank AG initiated coverage on shares of Lincoln Electric Holdings in a research note on Tuesday, September 6th. They issued a “hold” rating and a $70.00 price objective for the company. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Finally, Barclays PLC increased their price objective on shares of Lincoln Electric Holdings from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.44.

In other news, VP Frederick G. Stueber sold 10,910 shares of Lincoln Electric Holdings stock in a transaction on Monday, November 21st. The stock was sold at an average price of $75.15, for a total transaction of $819,886.50. Following the completion of the sale, the vice president now owns 38,661 shares of the company’s stock, valued at $2,905,374.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George D. Blankenship sold 47,700 shares of Lincoln Electric Holdings stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $64.73, for a total value of $3,087,621.00. Following the sale, the vice president now directly owns 51,114 shares of the company’s stock, valued at approximately $3,308,609.22. The disclosure for this sale can be found here. Insiders own 3.27% of the company’s stock.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

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