Retirement Systems of Alabama lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,654 shares of the industrial products company’s stock after selling 169 shares during the period. Retirement Systems of Alabama’s holdings in Lincoln Electric Holdings were worth $11,664,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. CT Mason increased its position in Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock valued at $1,017,000 after buying an additional 30 shares during the period. Bbva Compass Bancshares Inc. increased its position in Lincoln Electric Holdings by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after buying an additional 34 shares during the period. US Bancorp DE increased its position in Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 90 shares during the period. State Treasurer State of Michigan increased its position in Lincoln Electric Holdings by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,100 shares of the industrial products company’s stock valued at $2,180,000 after buying an additional 100 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after buying an additional 112 shares during the period. Institutional investors own 64.10% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 85.34 on Friday. Lincoln Electric Holdings, Inc. has a 12-month low of $59.27 and a 12-month high of $97.97. The company has a 50 day moving average price of $90.70 and a 200 day moving average price of $88.31. The firm has a market cap of $5.62 billion, a PE ratio of 24.66 and a beta of 0.97.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s payout ratio is currently 40.46%.

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LECO has been the topic of several research reports. Deutsche Bank AG upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, August 4th. BidaskClub downgraded Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Tuesday, June 20th. Barclays PLC restated an “equal weight” rating and issued a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $93.00 target price on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.67.

In related news, Director Kathryn Jo Lincoln sold 4,290 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $95.43, for a total value of $409,394.70. Following the sale, the director now owns 45,943 shares of the company’s stock, valued at approximately $4,384,340.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Steven B. Hedlund sold 4,503 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total value of $425,083.20. Following the completion of the sale, the vice president now directly owns 24,489 shares in the company, valued at approximately $2,311,761.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,463 shares of company stock worth $4,140,642. 3.27% of the stock is owned by corporate insiders.

Lincoln Electric Holdings Company 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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