Virtu KCG Holdings LLC grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,252 shares of the industrial products company’s stock after acquiring an additional 7 shares during the period. Virtu KCG Holdings LLC’s holdings in Lincoln Electric Holdings were worth $852,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in shares of Lincoln Electric Holdings by 14.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,207 shares of the industrial products company’s stock worth $3,232,000 after purchasing an additional 4,805 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Lincoln Electric Holdings by 3.8% during the 1st quarter. Ameriprise Financial Inc. now owns 173,621 shares of the industrial products company’s stock valued at $15,082,000 after buying an additional 6,276 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Lincoln Electric Holdings by 2.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 99,358 shares of the industrial products company’s stock valued at $8,630,000 after buying an additional 2,723 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Lincoln Electric Holdings during the 1st quarter valued at about $278,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Lincoln Electric Holdings by 19.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,953 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 1,910 shares during the last quarter. Institutional investors and hedge funds own 63.93% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at 94.00 on Wednesday. The stock’s 50 day moving average price is $88.81 and its 200-day moving average price is $89.41. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 27.17 and a beta of 1.01. Lincoln Electric Holdings, Inc. has a one year low of $61.04 and a one year high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The firm had revenue of $626.90 million for the quarter, compared to analysts’ expectations of $620.28 million. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s payout ratio is 40.46%.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a research report on Tuesday, July 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 target price on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Finally, BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $88.86.

In related news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings 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 sale, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.27% of the stock is owned by company insiders.

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Lincoln Electric Holdings Profile

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.

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

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