Deutsche Bank AG Invests $1.60 Million in Lincoln Electric Holdings, Inc. $LECO

Deutsche Bank AG bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 2nd quarter, Holdings Channel.com reports. The firm bought 6,025 shares of the industrial products company’s stock, valued at approximately $1,600,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LECO. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Lincoln Electric in the 2nd quarter worth approximately $48,000. OneDigital Investment Advisors LLC bought a new stake in shares of Lincoln Electric during the second quarter valued at approximately $209,000. HBK Sorce Advisory LLC bought a new stake in shares of Lincoln Electric during the second quarter valued at approximately $207,000. Global Retirement Partners LLC purchased a new position in shares of Lincoln Electric in the second quarter worth $148,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Lincoln Electric during the second quarter worth $108,330,000. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

LECO has been the subject of several research analyst reports. Stifel Nicolaus set a $275.00 target price on shares of Lincoln Electric in a research note on Friday, May 1st. Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Morgan Stanley upgraded Lincoln Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $257.00 to $283.00 in a research report on Monday, August 10th. Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Finally, DA Davidson started coverage on Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Price Performance

LECO stock opened at $284.89 on Friday. Lincoln Electric Holdings, Inc. has a 52 week low of $216.22 and a 52 week high of $310.00. 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 has a fifty day simple moving average of $267.37 and a two-hundred day simple moving average of $266.10. The firm has a market capitalization of $15.53 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 EPS. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.13 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.16 annualized dividend and a yield of 1.1%. Lincoln Electric’s dividend payout ratio (DPR) is currently 31.57%.

Insiders Place Their Bets

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total transaction of $232,214.45. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. 1.68% of the stock is owned by insiders.

Lincoln Electric Company Profile

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.