Lincoln Electric Holdings, Inc. (LECO) Stake Lowered by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA trimmed its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,326 shares of the industrial products company’s stock after selling 3,177 shares during the period. BNP Paribas Arbitrage SA’s holdings in Lincoln Electric Holdings were worth $1,955,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lincoln Electric Holdings by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,471,416 shares of the industrial products company’s stock valued at $503,862,000 after purchasing an additional 88,871 shares during the period. BlackRock Inc. raised its position in shares of Lincoln Electric Holdings by 1.0% during the 2nd quarter. BlackRock Inc. now owns 5,016,540 shares of the industrial products company’s stock valued at $461,973,000 after purchasing an additional 48,850 shares during the period. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Lincoln Electric Holdings by 8.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,300,000 shares of the industrial products company’s stock valued at $119,184,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of Lincoln Electric Holdings by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after purchasing an additional 59,464 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Lincoln Electric Holdings by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,099,558 shares of the industrial products company’s stock valued at $100,807,000 after purchasing an additional 27,495 shares during the period. Hedge funds and other institutional investors own 62.53% of the company’s stock.

LECO has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, August 4th. BidaskClub downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. FBR & Co reiterated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Finally, Robert W. Baird set a $91.00 price target on shares of Lincoln Electric Holdings and gave the company a “hold” rating in a report on Thursday, August 24th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $96.43.

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Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $87.70 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5,766.77, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.09. Lincoln Electric Holdings, Inc. has a fifty-two week low of $75.60 and a fifty-two week high of $99.59.

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

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

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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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