Jacobs Levy Equity Management Inc. increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 14.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,624 shares of the industrial products company’s stock after buying an additional 20,820 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Lincoln Electric were worth $13,723,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LECO. Oregon Public Employees Retirement Fund lifted its stake in Lincoln Electric by 8,249.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,034,567 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 2,010,198 shares during the period. Norges Bank bought a new position in Lincoln Electric during the fourth quarter worth about $50,188,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Lincoln Electric by 232.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 349,432 shares of the industrial products company’s stock worth $29,307,000 after purchasing an additional 244,350 shares during the period. Thrivent Financial for Lutherans lifted its stake in Lincoln Electric by 136.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 413,462 shares of the industrial products company’s stock worth $32,601,000 after purchasing an additional 238,352 shares during the period. Finally, WINTON GROUP Ltd lifted its stake in Lincoln Electric by 6,760.8% during the fourth quarter. WINTON GROUP Ltd now owns 147,851 shares of the industrial products company’s stock worth $11,658,000 after purchasing an additional 145,696 shares during the period. 72.31% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:LECO opened at $77.63 on Friday. Lincoln Electric Holdings, Inc. has a 1 year low of $72.28 and a 1 year high of $97.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.27 and a quick ratio of 1.56. The company has a market capitalization of $4.87 billion, a PE ratio of 15.85, a PEG ratio of 1.35 and a beta of 1.25.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Monday, April 22nd. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). Lincoln Electric had a net margin of 9.83% and a return on equity of 35.14%. The firm had revenue of $759.17 million during the quarter, compared to the consensus estimate of $767.41 million. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 5.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 27th. Lincoln Electric’s dividend payout ratio (DPR) is currently 39.00%.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. Wellington Shields cut shares of Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price target for the company. in a research note on Friday, February 15th. Finally, Vertical Research cut shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Lincoln Electric has an average rating of “Hold” and an average target price of $94.75.

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Lincoln Electric Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company 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.

Further Reading: Yield Curve

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

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