Legal & General Group Plc Grows Holdings in Lincoln Electric Holdings, Inc. (LECO)

Legal & General Group Plc raised its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,278 shares of the industrial products company’s stock after buying an additional 6,660 shares during the quarter. Legal & General Group Plc owned 0.11% of Lincoln Electric worth $6,351,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. increased its stake in Lincoln Electric by 43.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 15,669 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 4,726 shares during the period. South Dakota Investment Council acquired a new position in Lincoln Electric in the 3rd quarter valued at approximately $248,000. Oppenheimer & Co. Inc. increased its stake in Lincoln Electric by 47.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,018 shares of the industrial products company’s stock valued at $460,000 after buying an additional 1,609 shares during the period. Gratus Capital LLC increased its stake in Lincoln Electric by 2.0% in the 3rd quarter. Gratus Capital LLC now owns 32,590 shares of the industrial products company’s stock valued at $2,988,000 after buying an additional 633 shares during the period. Finally, ING Groep NV acquired a new position in Lincoln Electric in the 3rd quarter valued at approximately $696,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $90.37 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $75.86 and a 12 month high of $99.59. The company has a market cap of $5,910.00, a price-to-earnings ratio of 25.47, a PEG ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. Lincoln Electric’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. research analysts forecast that Lincoln Electric Holdings, Inc. will post 3.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.39 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 28th. Lincoln Electric’s dividend payout ratio is currently 33.73%.

LECO has been the topic of several analyst reports. FBR & Co restated a “buy” rating and set a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric in a research note on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Lincoln Electric in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating and set a $106.00 price target on the stock in a research note on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $92.00 price target on shares of Lincoln Electric in a research note on Friday, October 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $95.00 price target on shares of Lincoln Electric in a research note on Wednesday, October 4th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $97.57.

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Lincoln Electric 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 (NASDAQ:LECO)

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