People s United Financial Inc. raised its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,918 shares of the industrial products company’s stock after purchasing an additional 796 shares during the period. People s United Financial Inc.’s holdings in Lincoln Electric Holdings were worth $822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LECO. BlackRock Inc. increased its stake in shares of Lincoln Electric Holdings by 4,647.7% during the first quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock valued at $431,493,000 after purchasing an additional 4,863,057 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Lincoln Electric Holdings by 91.2% during the second quarter. Principal Financial Group Inc. now owns 843,705 shares of the industrial products company’s stock valued at $77,697,000 after purchasing an additional 402,372 shares in the last quarter. Lodge Hill Capital LLC bought a new position in shares of Lincoln Electric Holdings during the second quarter valued at approximately $34,994,000. Vanguard Group Inc. increased its stake in shares of Lincoln Electric Holdings by 5.2% during the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock valued at $467,527,000 after purchasing an additional 267,768 shares in the last quarter. Finally, FMR LLC bought a new position in shares of Lincoln Electric Holdings during the second quarter valued at approximately $23,713,000. 63.93% of the stock is owned by institutional investors and hedge funds.

LECO has been the subject of a number of analyst reports. BidaskClub downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. FBR & Co reaffirmed a “buy” rating on shares of Lincoln Electric Holdings in a research note on Monday, August 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $95.00 target price on shares of Lincoln Electric Holdings in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $88.86.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 94.11 on Thursday. Lincoln Electric Holdings, Inc. has a 12 month low of $61.04 and a 12 month high of $97.97. The company has a market cap of $6.20 billion, a P/E ratio of 27.20 and a beta of 1.01. The company’s 50 day moving average is $89.01 and its 200 day moving average is $89.44.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $620.28 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Lincoln Electric Holdings’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Lincoln Electric Holdings, Inc. will post $3.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors 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 yield of 1.49%. Lincoln Electric Holdings’s payout ratio is 40.46%.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the sale, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.27% of the company’s stock.

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About Lincoln Electric Holdings

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.

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

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