Executive Wealth Management LLC Buys 2,252 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Executive Wealth Management LLC grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,466 shares of the industrial products company’s stock after purchasing an additional 2,252 shares during the period. Executive Wealth Management LLC’s holdings in Lincoln Electric were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in Lincoln Electric by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,200 shares of the industrial products company’s stock worth $1,542,000 after buying an additional 9,600 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Lincoln Electric by 94.0% during the second quarter. Advisory Services Network LLC now owns 481 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 233 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Lincoln Electric by 4.8% during the second quarter. Janus Henderson Group PLC now owns 1,217,080 shares of the industrial products company’s stock valued at $100,190,000 after purchasing an additional 55,850 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Lincoln Electric by 1.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,690 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 120 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Lincoln Electric by 0.9% during the second quarter. Aperio Group LLC now owns 19,091 shares of the industrial products company’s stock valued at $1,572,000 after purchasing an additional 161 shares during the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on LECO. BidaskClub cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Lincoln Electric from a “sell” rating to a “hold” rating and set a $87.00 price objective for the company in a report on Monday, July 1st. Finally, Robert W. Baird raised shares of Lincoln Electric from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $93.00 to $100.00 in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Lincoln Electric has an average rating of “Hold” and a consensus price target of $95.56.

NASDAQ LECO traded up $0.01 during trading hours on Thursday, hitting $80.81. 4,031 shares of the company’s stock traded hands, compared to its average volume of 533,886. The stock has a fifty day simple moving average of $83.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.44 and a beta of 1.24. Lincoln Electric Holdings, Inc. has a 52 week low of $72.28 and a 52 week high of $97.93.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.02). The business had revenue of $777.01 million for the quarter, compared to the consensus estimate of $786.03 million. Lincoln Electric had a net margin of 10.42% and a return on equity of 36.16%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share. As a group, equities analysts predict that Lincoln Electric Holdings, Inc. will post 5.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, September 27th. This represents a $1.88 annualized dividend and a yield of 2.33%. Lincoln Electric’s dividend payout ratio (DPR) is 39.00%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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

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