Nisa Investment Advisors LLC Continues to Hold Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Nisa Investment Advisors LLC held its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CT Mason increased its position in shares of Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 30 shares during the last quarter. US Bancorp DE boosted its stake in Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 90 shares during the period. State Treasurer State of Michigan boosted its stake in Lincoln Electric Holdings by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,100 shares of the industrial products company’s stock valued at $2,180,000 after buying an additional 100 shares during the period. Meadow Creek Investment Management LLC boosted its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after buying an additional 112 shares during the period. Finally, Private Trust Co. NA boosted its stake in Lincoln Electric Holdings by 0.4% in the second quarter. Private Trust Co. NA now owns 27,042 shares of the industrial products company’s stock valued at $2,490,000 after buying an additional 117 shares during the period. Hedge funds and other institutional investors own 64.46% of the company’s stock.

Lincoln Electric Holdings, Inc. (LECO) traded up 0.62% during midday trading on Friday, reaching $85.56. The company had a trading volume of 323,145 shares. The company has a market capitalization of $5.64 billion, a P/E ratio of 24.73 and a beta of 0.97. The company’s 50 day moving average is $89.75 and its 200-day moving average is $88.44. Lincoln Electric Holdings, Inc. has a 52-week low of $59.27 and a 52-week high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. Equities analysts expect that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.

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Several equities research analysts have issued reports on LECO shares. Deutsche Bank AG cut their target price on Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $93.00 price objective on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Barclays PLC reissued an “equal weight” rating and set a $82.00 target price (up from $75.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price target (up from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Finally, Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $89.67.

In other news, Director G Russell Lincoln sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the completion of the sale, the director now owns 248,032 shares in the company, valued at approximately $22,042,603.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathryn Jo Lincoln sold 4,290 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $95.43, for a total transaction of $409,394.70. Following the sale, the director now owns 45,943 shares of the company’s stock, valued at approximately $4,384,340.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,463 shares of company stock valued at $4,140,642. Corporate insiders own 3.27% of the company’s stock.

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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