TimesSquare Capital Management LLC reduced its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 667,225 shares of the industrial products company’s stock after selling 57,375 shares during the quarter. TimesSquare Capital Management LLC owned 1.01% of Lincoln Electric Holdings worth $61,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC lifted its stake in shares of Lincoln Electric Holdings by 24.3% in the 1st quarter. Teachers Advisors LLC now owns 81,797 shares of the industrial products company’s stock valued at $7,105,000 after acquiring an additional 15,989 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Lincoln Electric Holdings by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,155 shares of the industrial products company’s stock valued at $2,132,000 after acquiring an additional 988 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Lincoln Electric Holdings by 18.7% in the 2nd quarter. LS Investment Advisors LLC now owns 5,010 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 788 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Lincoln Electric Holdings by 7.2% in the 2nd quarter. Aperio Group LLC now owns 22,832 shares of the industrial products company’s stock valued at $2,103,000 after acquiring an additional 1,531 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its stake in shares of Lincoln Electric Holdings by 1.6% in the 2nd quarter. State Treasurer State of Michigan now owns 25,500 shares of the industrial products company’s stock valued at $2,348,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 62.53% of the company’s stock.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at $87.61 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83. The firm has a market capitalization of $5,766.77, a P/E ratio of 24.43, a P/E/G ratio of 2.22 and a beta of 1.09. Lincoln Electric Holdings, Inc. has a 52 week low of $75.64 and a 52 week high of $99.59.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric Holdings had a return on equity of 28.97% and a net margin of 11.34%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. analysts forecast that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.39 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.78%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s dividend payout ratio is presently 33.65%.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.27% of the company’s stock.

LECO has been the subject of a number of recent analyst reports. FBR & Co reaffirmed a “buy” rating and set a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric Holdings in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research report on Friday, October 20th. Zacks Investment Research raised Lincoln Electric Holdings from a “sell” rating to a “hold” rating and set a $106.00 price target for the company in a research report on Monday, October 16th. Robert W. Baird reaffirmed a “hold” rating and set a $92.00 price target on shares of Lincoln Electric Holdings in a research report on Friday, October 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $95.00 price target on shares of Lincoln Electric Holdings in a research report on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $96.43.

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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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