Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Position Maintained by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC continued to hold 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. The firm owned 19,169 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Lincoln Electric Holdings were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Lincoln Electric Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock worth $467,527,000 after buying an additional 267,768 shares during the last quarter. BlackRock Inc. boosted its stake in Lincoln Electric Holdings by 4,647.7% in the first quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock worth $431,493,000 after buying an additional 4,863,057 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Lincoln Electric Holdings by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 1,210,632 shares of the industrial products company’s stock worth $105,155,000 after buying an additional 32,270 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Lincoln Electric Holdings by 4.4% in the second quarter. Fisher Asset Management LLC now owns 1,072,063 shares of the industrial products company’s stock valued at $98,726,000 after buying an additional 45,265 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Lincoln Electric Holdings by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 855,830 shares of the industrial products company’s stock valued at $74,336,000 after buying an additional 15,926 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up 0.86% during midday trading on Friday, reaching $86.07. The company’s stock had a trading volume of 396,218 shares. The stock has a market cap of $5.67 billion, a P/E ratio of 24.88 and a beta of 0.97. The stock’s 50 day moving average is $90.51 and its 200 day moving average is $88.35. Lincoln Electric Holdings, Inc. has a 12-month low of $59.27 and a 12-month high of $97.97.

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. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The firm had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.63%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $78.00 price target on shares of Lincoln Electric Holdings in a research report on Monday, April 17th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and set a $98.00 target price on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Tuesday, June 20th. Finally, Deutsche Bank AG raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, August 4th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Lincoln Electric Holdings has a consensus rating of “Hold” and a consensus target price of $89.67.

In other news, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $94.40, for a total value of $425,083.20. Following the completion of the transaction, the vice president now directly owns 24,489 shares of the company’s stock, valued at $2,311,761.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Jo Lincoln sold 4,290 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 45,943 shares of the company’s stock, valued at $4,384,340.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,463 shares of company stock worth $4,140,642. 3.27% of the stock is owned by company insiders.

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.

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

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