Raymond James Financial Services Advisors Inc. lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 25.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,381 shares of the industrial products company’s stock after selling 824 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Lincoln Electric Holdings were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 59,464 shares during the last quarter. FMR LLC bought a new position in shares of Lincoln Electric Holdings in the 2nd quarter valued at about $23,713,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Lincoln Electric Holdings by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock valued at $8,381,000 after acquiring an additional 1,739 shares during the last quarter. Tradition Capital Management LLC lifted its holdings in shares of Lincoln Electric Holdings by 1,469.7% in the 2nd quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after acquiring an additional 42,532 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. lifted 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 valued at $603,000 after acquiring an additional 34 shares during the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.

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Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at $86.71 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83. Lincoln Electric Holdings, Inc. has a 1 year low of $71.62 and a 1 year high of $99.59. The firm has a market cap of $5,701.68, a PE ratio of 24.15, a P/E/G ratio of 2.20 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $669.50 million for the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric Holdings had a return on equity of 28.97% and a net margin of 11.34%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. equities research analysts predict that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.80%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is 33.65%.

A number of research analysts recently commented on the stock. 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. Robert W. Baird set a $91.00 price target on shares of Lincoln Electric Holdings and gave the company a “hold” rating in a report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “sell” rating in a report on Monday, October 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Monday, October 30th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $96.43.

In other news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s 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 transaction, 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.27% of the company’s stock.

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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