GHP Investment Advisors Inc. decreased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,572 shares of the industrial products company’s stock after selling 96 shares during the period. GHP Investment Advisors Inc.’s holdings in Lincoln Electric Holdings were worth $2,539,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in Lincoln Electric Holdings by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 65,808 shares of the industrial products company’s stock valued at $5,045,000 after buying an additional 3,011 shares in the last quarter. Retirement Systems of Alabama increased its stake in Lincoln Electric Holdings by 58.2% in the first quarter. Retirement Systems of Alabama now owns 126,823 shares of the industrial products company’s stock valued at $11,016,000 after buying an additional 46,673 shares in the last quarter. ProShare Advisors LLC increased its stake in Lincoln Electric Holdings by 8.3% in the first quarter. ProShare Advisors LLC now owns 114,060 shares of the industrial products company’s stock valued at $9,907,000 after buying an additional 8,716 shares in the last quarter. Welch & Forbes LLC increased its stake in Lincoln Electric Holdings by 1.6% in the first quarter. Welch & Forbes LLC now owns 79,257 shares of the industrial products company’s stock valued at $6,884,000 after buying an additional 1,250 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Lincoln Electric Holdings by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,167 shares of the industrial products company’s stock valued at $1,925,000 after buying an additional 300 shares in the last quarter. 64.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Lincoln Electric Holdings, Inc. (LECO) traded up 0.36% during trading on Friday, hitting $85.67. The stock had a trading volume of 27,544 shares. The firm has a market cap of $5.65 billion, a P/E ratio of 24.76 and a beta of 0.97. The firm’s 50-day moving average is $89.09 and its 200-day moving average is $88.53. Lincoln Electric Holdings, Inc. has a one year low of $59.27 and a one year high of $97.97.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.64%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Several analysts have commented on LECO shares. Deutsche Bank AG reduced their price objective on Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $89.86.

In other news, VP Steven B. Hedlund sold 4,503 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total transaction of $425,083.20. Following the transaction, the vice president now directly owns 24,489 shares in the company, valued at $2,311,761.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas A. Flohn sold 8,540 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $90.15, for a total transaction of $769,881.00. Following the transaction, the senior vice president now owns 31,160 shares in the company, valued at $2,809,074. The disclosure for this sale can be found here. Insiders have sold 22,963 shares of company stock worth $2,141,067 over the last quarter. 3.27% of the stock is owned by company insiders.

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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