3,000 Shares in Lincoln Electric Holdings, Inc. $LECO Acquired by Brasada Capital Management LP

Brasada Capital Management LP 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 Securities & Exchange Commission. The fund acquired 3,000 shares of the industrial products company’s stock, valued at approximately $797,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Lincoln Electric during the 2nd quarter valued at $656,165,000. Diamant Asset Management Inc. raised its holdings in shares of Lincoln Electric by 24,685.8% during the first quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company’s stock worth $956,360,000 after acquiring an additional 3,824,077 shares in the last quarter. Norges Bank purchased a new stake in shares of Lincoln Electric during the fourth quarter worth $415,155,000. Hsbc Holdings PLC acquired a new stake in Lincoln Electric during the second quarter valued at $52,700,000. Finally, Geode Capital Management LLC boosted its position in Lincoln Electric by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock valued at $313,175,000 after purchasing an additional 6,070 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insiders Place Their Bets

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the completion of the sale, the executive vice president directly owned 9,319 shares in the company, valued at $2,560,954.39. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.68% of the stock is currently owned by corporate insiders.

Lincoln Electric Trading Down 0.1%

NASDAQ:LECO opened at $289.73 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $216.22 and a 12 month high of $310.00. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $267.18 and its 200-day moving average is $265.97.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. Lincoln Electric’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 earnings per share. Equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.13 EPS for the current year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 dividend on an annualized basis and a yield of 1.1%. Lincoln Electric’s payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays lifted their price target on Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. Stifel Nicolaus set a $275.00 price objective on Lincoln Electric in a report on Friday, May 1st. Finally, UBS Group started coverage on shares of Lincoln Electric in a research note on Monday, August 10th. They issued a “buy” rating and a $340.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $307.22.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.