Schwab Charles Investment Management Inc. lifted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 203,377 shares of the industrial products company’s stock after buying an additional 6,049 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.31% of Lincoln Electric Holdings worth $18,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in shares of Lincoln Electric Holdings by 1,872.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 90,725 shares of the industrial products company’s stock worth $8,355,000 after buying an additional 86,125 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Lincoln Electric Holdings by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,441 shares in the last quarter. Algert Global LLC bought a new stake in shares of Lincoln Electric Holdings in the 2nd quarter worth $1,175,000. Welch & Forbes LLC raised its stake in shares of Lincoln Electric Holdings by 2.1% in the 2nd quarter. Welch & Forbes LLC now owns 80,744 shares of the industrial products company’s stock worth $7,436,000 after buying an additional 1,637 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Lincoln Electric Holdings by 3.7% in the 2nd quarter. Sei Investments Co. now owns 7,416 shares of the industrial products company’s stock worth $683,000 after buying an additional 262 shares in the last quarter. 63.93% of the stock is currently owned by institutional investors.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 93.37 on Thursday. The company has a 50 day moving average price of $87.28 and a 200-day moving average price of $89.00. Lincoln Electric Holdings, Inc. has a one year low of $59.27 and a one year high of $97.97. The firm has a market capitalization of $6.15 billion, a PE ratio of 26.99 and a beta of 0.98.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 dividend yield of 1.50%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 40.46%.

In other news, VP Michele R. Kuhrt sold 3,080 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the transaction, the vice president now owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.27% of the company’s stock.

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A number of research firms have recently commented on LECO. Robert W. Baird set a $91.00 price objective on Lincoln Electric Holdings and gave the stock a “hold” rating in a research note on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of Lincoln Electric Holdings in a research note on Friday, August 25th. FBR & Co reissued an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 price objective on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Finally, ValuEngine raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Lincoln Electric Holdings has an average rating of “Hold” and a consensus target price of $89.86.

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.

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

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