Eagle Asset Management Inc. raised its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 43.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,669 shares of the industrial products company’s stock after acquiring an additional 4,726 shares during the period. Eagle Asset Management Inc.’s holdings in Lincoln Electric were worth $1,456,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its stake in shares of Lincoln Electric by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 14 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Lincoln Electric by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 78 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Lincoln Electric by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after acquiring an additional 100 shares during the last quarter. World Asset Management Inc grew its holdings in Lincoln Electric by 2.8% in the 2nd quarter. World Asset Management Inc now owns 4,779 shares of the industrial products company’s stock valued at $440,000 after buying an additional 129 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in Lincoln Electric by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,811 shares of the industrial products company’s stock valued at $639,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $90.93 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings, Inc. has a 1 year low of $75.86 and a 1 year high of $99.59. The firm has a market capitalization of $5,946.95, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.29 and a beta of 1.08.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The business had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. During the same quarter in the prior year, the company earned $0.89 earnings per share. Lincoln Electric’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts predict that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.39 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric’s dividend payout ratio is currently 33.65%.

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

In other Lincoln Electric news, VP Michele R. Kuhrt sold 3,080 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now directly owns 14,449 shares in the company, valued at $1,279,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.27% of the stock is currently owned by company insiders.

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About Lincoln Electric

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 (NASDAQ:LECO)

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