Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECOGet Rating) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,604 shares of the industrial products company’s stock after selling 600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lincoln Electric were worth $6,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LECO. Lazard Asset Management LLC acquired a new stake in Lincoln Electric in the first quarter valued at about $35,000. CWM LLC lifted its position in Lincoln Electric by 160.2% in the first quarter. CWM LLC now owns 471 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 290 shares during the period. Meeder Asset Management Inc. acquired a new stake in Lincoln Electric in the first quarter valued at about $82,000. SBK Financial Inc. acquired a new stake in Lincoln Electric in the fourth quarter valued at about $88,000. Finally, Psagot Value Holdings Ltd. Israel lifted its position in Lincoln Electric by 49.7% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,500 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 74.25% of the company’s stock.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of Lincoln Electric from $126.00 to $136.00 and gave the company an “equal weight” rating in a research report on Monday, August 1st. Seaport Res Ptn reiterated a “neutral” rating on shares of Lincoln Electric in a research report on Monday, August 1st. Robert W. Baird lifted their price target on shares of Lincoln Electric from $143.00 to $150.00 in a research report on Thursday, July 28th. StockNews.com upgraded shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 1st. Finally, Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $134.00 to $122.00 in a research report on Monday, July 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $147.60.

Lincoln Electric Trading Down 2.1 %

Shares of Lincoln Electric stock opened at $134.03 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.62 and a quick ratio of 0.91. Lincoln Electric Holdings, Inc. has a 1 year low of $118.17 and a 1 year high of $148.54. The company has a market capitalization of $7.76 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.11 and a beta of 1.16. The business has a 50 day moving average price of $137.13 and a 200 day moving average price of $133.22.

Lincoln Electric (NASDAQ:LECOGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. Lincoln Electric had a return on equity of 50.64% and a net margin of 10.15%. The firm had revenue of $969.59 million during the quarter, compared to the consensus estimate of $936.62 million. During the same period in the previous year, the firm posted $1.67 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.2 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Thursday, September 29th. This represents a $2.24 annualized dividend and a yield of 1.67%. Lincoln Electric’s payout ratio is currently 36.78%.

About Lincoln Electric

(Get Rating)

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It 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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