State Street Corp decreased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,997,258 shares of the industrial products company’s stock after selling 261,106 shares during the quarter. State Street Corp owned 4.55% of Lincoln Electric Holdings worth $276,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Lincoln Electric Holdings by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after buying an additional 59,464 shares during the last quarter. Tradition Capital Management LLC grew its holdings in shares of Lincoln Electric Holdings by 1,469.7% during the second quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 42,532 shares during the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of Lincoln Electric Holdings by 0.5% during 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 last quarter. Prudential Financial Inc. grew its holdings in shares of Lincoln Electric Holdings by 111.8% during the second quarter. Prudential Financial Inc. now owns 100,959 shares of the industrial products company’s stock valued at $9,297,000 after buying an additional 53,303 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Lincoln Electric Holdings by 21.3% during the second quarter. Victory Capital Management Inc. now owns 18,096 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 3,172 shares during the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.27% of the company’s stock.

A number of equities research analysts have recently commented on LECO shares. BidaskClub cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. FBR & Co reiterated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $93.00 price target on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. Stifel Nicolaus reiterated a “hold” rating and set a $95.00 price target on shares of Lincoln Electric Holdings in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $89.00.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 94.43 on Monday. The company’s 50-day moving average is $90.80 and its 200-day moving average is $89.89. Lincoln Electric Holdings, Inc. has a 12 month low of $61.04 and a 12 month high of $97.97. The company has a market cap of $6.22 billion, a P/E ratio of 27.29 and a beta of 1.01.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating 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 business had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. During the same period in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Lincoln Electric Holdings, Inc. will post $3.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 28th. Lincoln Electric Holdings’s payout ratio is 40.46%.

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About Lincoln Electric Holdings

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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