Prudential Financial Inc. raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 111.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,959 shares of the industrial products company’s stock after buying an additional 53,303 shares during the quarter. Prudential Financial Inc. owned 0.15% of Lincoln Electric Holdings worth $9,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LECO. Wells Fargo & Company MN lifted its stake in Lincoln Electric Holdings by 115.1% in the first quarter. Wells Fargo & Company MN now owns 114,937 shares of the industrial products company’s stock valued at $9,984,000 after buying an additional 61,508 shares during the period. Great West Life Assurance Co. Can lifted its stake in Lincoln Electric Holdings by 3.6% in the first quarter. Great West Life Assurance Co. Can now owns 35,999 shares of the industrial products company’s stock valued at $3,124,000 after buying an additional 1,265 shares during the period. US Bancorp DE lifted its stake in Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 90 shares during the period. Bank of New York Mellon Corp lifted its stake in Lincoln Electric Holdings by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 855,830 shares of the industrial products company’s stock valued at $74,336,000 after buying an additional 15,926 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in Lincoln Electric Holdings by 4.5% in the first quarter. Suntrust Banks Inc. now owns 3,616 shares of the industrial products company’s stock valued at $313,000 after buying an additional 157 shares during the period. 64.68% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value 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 SEC, which is available through this link. 3.27% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, June 20th. BidaskClub lowered Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. FBR & Co reissued an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $93.00 price target on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $89.86.

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Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 89.67 on Thursday. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 and a 12 month high of $97.97. The stock’s 50 day moving average price is $86.76 and its 200-day moving average price is $88.82. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 25.92 and a beta of 0.98.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.56%. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.

Lincoln Electric Holdings 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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