Shelton Capital Management acquired a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 4,860 shares of the industrial products company’s stock, valued at approximately $448,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Lincoln Electric Holdings by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,471,416 shares of the industrial products company’s stock valued at $503,862,000 after buying an additional 88,871 shares in the last quarter. BlackRock Inc. lifted its position in shares of Lincoln Electric Holdings by 1.0% during the 2nd quarter. BlackRock Inc. now owns 5,016,540 shares of the industrial products company’s stock valued at $461,973,000 after buying an additional 48,850 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lincoln Electric Holdings by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after buying an additional 59,464 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Lincoln Electric Holdings by 4.4% during the 2nd quarter. Fisher Asset Management LLC now owns 1,072,063 shares of the industrial products company’s stock valued at $98,726,000 after buying an additional 45,265 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Lincoln Electric Holdings by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 863,900 shares of the industrial products company’s stock valued at $79,556,000 after buying an additional 8,070 shares in the last quarter. 63.93% of the stock is currently owned by hedge funds and other institutional investors.

LECO has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, August 4th. Zacks Investment Research cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.86.

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In other news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction 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 completion of the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.27% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at 93.84 on Wednesday. The firm has a 50 day moving average price of $89.95 and a 200 day moving average price of $89.70. The stock has a market capitalization of $6.18 billion, a PE ratio of 27.12 and a beta of 1.01. Lincoln Electric Holdings, Inc. has a one year low of $61.04 and a one year high of $97.97.

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, beating the Zacks’ consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The business had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Analysts predict that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.35 dividend. 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 1.49%. Lincoln Electric Holdings’s payout ratio is presently 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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