Segall Bryant & Hamill LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,666 shares of the industrial products company’s stock after buying an additional 301 shares during the period. Segall Bryant & Hamill LLC’s holdings in Lincoln Electric were worth $1,472,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LECO. Oregon Public Employees Retirement Fund increased its stake in shares of Lincoln Electric by 8,249.0% in 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 buying an additional 2,010,198 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of Lincoln Electric in the fourth quarter worth $36,000. Ancora Advisors LLC bought a new stake in shares of Lincoln Electric in the third quarter worth $100,000. ETF Managers Group LLC increased its stake in shares of Lincoln Electric by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,445 shares of the industrial products company’s stock worth $114,000 after buying an additional 195 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Lincoln Electric by 311.9% in the fourth quarter. Meeder Asset Management Inc. now owns 1,656 shares of the industrial products company’s stock worth $131,000 after buying an additional 1,254 shares during the last quarter. Institutional investors and hedge funds own 71.45% of the company’s stock.

A number of equities analysts have commented on LECO shares. Wellington Shields downgraded shares of Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price objective for the company. in a report on Friday, February 15th. Vertical Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a report on Friday, February 15th. BidaskClub downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Zacks Investment Research raised shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Finally, Jefferies Financial Group started coverage on shares of Lincoln Electric in a report on Friday, January 25th. They issued a “buy” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $96.00.

In other news, SVP Geoffrey P. Allman sold 792 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $87.54, for a total transaction of $69,331.68. Following the completion of the transaction, the senior vice president now owns 8,432 shares of the company’s stock, valued at $738,137.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Christopher L. Mapes sold 12,503 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.50, for a total transaction of $1,094,012.50. Following the completion of the sale, the chairman now directly owns 231,232 shares of the company’s stock, valued at approximately $20,232,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,826 shares of company stock valued at $1,376,530. Corporate insiders own 3.04% of the company’s stock.

Shares of LECO opened at $83.13 on Thursday. Lincoln Electric Holdings, Inc. has a 1 year low of $72.28 and a 1 year high of $97.93. The firm has a market cap of $5.25 billion, a PE ratio of 17.25, a PEG ratio of 1.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.30 and a quick ratio of 1.63.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, February 14th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.09. Lincoln Electric had a net margin of 9.48% and a return on equity of 33.87%. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $763.57 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 5.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, March 28th. Lincoln Electric’s dividend payout ratio (DPR) is 39.00%.

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About Lincoln Electric

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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

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