Canada Pension Plan Investment Board lifted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 171.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,925 shares of the industrial products company’s stock after buying an additional 155,200 shares during the period. Canada Pension Plan Investment Board owned approximately 0.37% of Lincoln Electric Holdings worth $22,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LECO. Teacher Retirement System of Texas raised its holdings in shares of Lincoln Electric Holdings by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 14 shares during the period. Bbva Compass Bancshares Inc. raised its holdings in shares of Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 34 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Lincoln Electric Holdings by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 78 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Lincoln Electric Holdings by 0.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after purchasing an additional 100 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Lincoln Electric Holdings by 0.4% in the 2nd quarter. Private Trust Co. NA now owns 27,042 shares of the industrial products company’s stock worth $2,490,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 60.97% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $88.25 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings, Inc. has a 1-year low of $65.45 and a 1-year high of $99.59. The stock has a market cap of $5,884.48, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Lincoln Electric Holdings had a net margin of 11.34% and a return on equity of 28.97%. The business had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. During the same period in the previous year, the firm earned $0.89 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.39 per share. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a yield of 1.77%. Lincoln Electric Holdings’s payout ratio is presently 33.65%.

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In other news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.27% of the company’s stock.

A number of research firms recently commented on LECO. FBR & Co reaffirmed a “buy” rating and issued a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric Holdings in a report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and issued a $92.00 price target on shares of Lincoln Electric Holdings in a report on Friday, October 13th. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating and set a $106.00 price target on the stock in a report on Monday, October 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $95.00 price target on shares of Lincoln Electric Holdings in a report on Wednesday, October 4th. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $96.43.

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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