Alps Advisors Inc. purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,267 shares of the industrial products company’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake 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 worth $503,862,000 after purchasing an additional 88,871 shares during the period. BlackRock Inc. grew its stake 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 worth $461,973,000 after purchasing an additional 48,850 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its stake in shares of Lincoln Electric Holdings by 8.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,300,000 shares of the industrial products company’s stock worth $119,184,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. grew its stake 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 worth $116,964,000 after purchasing an additional 59,464 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Lincoln Electric Holdings by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,099,558 shares of the industrial products company’s stock worth $100,807,000 after purchasing an additional 27,495 shares during the period. 62.53% of the stock is owned by institutional investors.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at $88.47 on Monday. Lincoln Electric Holdings, Inc. has a one year low of $71.62 and a one year high of $99.59. The stock has a market cap of $5,817.41, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.24 and a beta of 1.09. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly 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 company had revenue of $669.50 million during the quarter, compared to analyst estimates of $658.48 million. During the same period in the prior year, the business posted $0.89 EPS. Lincoln Electric Holdings’s revenue was up 17.9% compared to the same quarter last year. equities analysts expect that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.39 dividend. 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 1.76%. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 33.65%.

A number of equities research analysts have recently commented on the stock. FBR & Co reaffirmed a “buy” rating and set a $115.00 price objective (up previously from $105.00) on shares of Lincoln Electric Holdings in a research note on Friday, October 27th. Robert W. Baird set a $91.00 price objective on shares of Lincoln Electric Holdings and gave the stock a “hold” rating in a research note on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research note on Friday, August 25th. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “sell” rating in a research note on Monday, October 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research note on Monday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.43.

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In related news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is currently owned by company insiders.

Lincoln Electric Holdings 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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