Sii Investments Inc. WI lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,085 shares of the industrial products company’s stock after selling 295 shares during the period. Sii Investments Inc. WI’s holdings in Lincoln Electric Holdings were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LECO. UBS Asset Management Americas Inc. lifted its stake in shares of Lincoln Electric Holdings by 14.8% in the first quarter. UBS Asset Management Americas Inc. now owns 37,207 shares of the industrial products company’s stock valued at $3,232,000 after buying an additional 4,805 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Lincoln Electric Holdings by 2.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,358 shares of the industrial products company’s stock valued at $8,630,000 after buying an additional 2,723 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Lincoln Electric Holdings in the first quarter valued at about $278,000. Envestnet Asset Management Inc. lifted its stake in shares of Lincoln Electric Holdings by 19.0% in the first quarter. Envestnet Asset Management Inc. now owns 11,953 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 1,910 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Lincoln Electric Holdings by 95.5% in the first quarter. Stifel Financial Corp now owns 11,110 shares of the industrial products company’s stock valued at $966,000 after buying an additional 5,427 shares during the period. Institutional investors and hedge funds own 63.93% of the company’s stock.

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $88.55, for a total value 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 approximately $1,279,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.27% of the company’s stock.

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LECO has been the subject of several research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $93.00 target price on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 target price on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, August 4th. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, BidaskClub cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Lincoln Electric Holdings presently has an average rating of “Hold” and an average target price of $88.86.

Lincoln Electric Holdings, Inc. (LECO) opened at 94.12 on Friday. The firm’s 50-day moving average is $89.46 and its 200-day moving average is $89.52. Lincoln Electric Holdings, Inc. has a 52 week low of $61.04 and a 52 week high of $97.97. The company has a market cap of $6.20 billion, a PE ratio of 27.20 and a beta of 1.01.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to the consensus estimate of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, analysts expect 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. Shareholders of record on Friday, September 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.

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.

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

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