Catalyst Capital Advisors LLC held its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the industrial products company’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Lincoln Electric Holdings were worth $5,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LECO. Teachers Advisors LLC increased its position in Lincoln Electric Holdings by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 65,808 shares of the industrial products company’s stock worth $5,045,000 after buying an additional 3,011 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Lincoln Electric Holdings by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the industrial products company’s stock worth $1,355,000 after buying an additional 300 shares in the last quarter. Retirement Systems of Alabama increased its position in Lincoln Electric Holdings by 58.2% in the first quarter. Retirement Systems of Alabama now owns 126,823 shares of the industrial products company’s stock worth $11,016,000 after buying an additional 46,673 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in Lincoln Electric Holdings by 4.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 13,355 shares of the industrial products company’s stock worth $1,160,000 after buying an additional 575 shares in the last quarter. Finally, Personal Capital Advisors Corp purchased a new position in Lincoln Electric Holdings during the first quarter worth $456,000. 64.10% of the stock is currently owned by institutional investors.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 86.07 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 and a 12 month high of $97.97. The stock has a market cap of $5.67 billion, a PE ratio of 24.88 and a beta of 0.97. The firm has a 50-day moving average price of $90.51 and a 200-day moving average price of $88.35.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Equities analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 EPS 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.63%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 40.46%.

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LECO has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Stifel Nicolaus reissued a “hold” rating and issued a $88.00 target price (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Barclays PLC reissued an “equal weight” rating and issued a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Deutsche Bank AG lowered their target price on Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Finally, Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Tuesday, June 20th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Lincoln Electric Holdings presently has a consensus rating of “Hold” and a consensus target price of $89.67.

In other news, VP Gabriel Bruno sold 5,630 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $95.33, for a total value of $536,707.90. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,320,236.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total value of $1,999,575.00. Following the completion of the transaction, the director now directly owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The disclosure for this sale can be found here. In the last three months, insiders sold 45,463 shares of company stock valued at $4,140,642. Insiders own 3.27% of the company’s stock.

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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