Cambridge Investment Research Advisors Inc. Purchases 777 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Cambridge Investment Research Advisors Inc. increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,145 shares of the industrial products company’s stock after buying an additional 777 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Lincoln Electric were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Lincoln Electric by 64.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,616 shares of the industrial products company’s stock worth $1,551,000 after buying an additional 4,965 shares during the period. Cibc World Markets Corp bought a new stake in shares of Lincoln Electric during the 1st quarter worth $788,000. Swiss National Bank boosted its holdings in shares of Lincoln Electric by 1.3% during the 1st quarter. Swiss National Bank now owns 129,100 shares of the industrial products company’s stock worth $15,872,000 after buying an additional 1,600 shares during the period. Arizona State Retirement System boosted its holdings in shares of Lincoln Electric by 0.6% during the 1st quarter. Arizona State Retirement System now owns 16,446 shares of the industrial products company’s stock worth $2,022,000 after buying an additional 91 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Lincoln Electric by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 97,458 shares of the industrial products company’s stock worth $11,981,000 after buying an additional 1,210 shares during the period. 73.18% of the stock is owned by institutional investors and hedge funds.

Shares of LECO stock opened at $128.53 on Friday. Lincoln Electric Holdings, Inc. has a 52-week low of $78.96 and a 52-week high of $136.04. The firm has a market cap of $7.65 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $127.82.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.19. Lincoln Electric had a net margin of 8.29% and a return on equity of 36.67%. The company had revenue of $757.02 million during the quarter, compared to analysts’ expectations of $727.87 million. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Lincoln Electric Holdings, Inc. will post 5.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, June 29th. Lincoln Electric’s dividend payout ratio is 49.16%.

In other news, EVP Jennifer I. Ansberry sold 3,984 shares of the stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $132.31, for a total value of $527,123.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.35% of the company’s stock.

Several research firms recently commented on LECO. Morgan Stanley upped their target price on shares of Lincoln Electric from $121.00 to $132.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 28th. Vertical Research upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating and set a $140.00 target price for the company in a research note on Wednesday, April 28th. Barclays upped their target price on shares of Lincoln Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. Finally, Oppenheimer reiterated a “hold” rating on shares of Lincoln Electric in a research note on Monday, February 15th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Lincoln Electric has a consensus rating of “Buy” and a consensus target price of $125.14.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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

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