Schroder Investment Management Group Raises Holdings in Lincoln Electric Holdings, Inc. (LECO)

Schroder Investment Management Group raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1,060.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,800 shares of the industrial products company’s stock after purchasing an additional 31,800 shares during the quarter. Schroder Investment Management Group owned about 0.05% of Lincoln Electric Holdings worth $3,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LECO. BlackRock Inc. boosted its stake in Lincoln Electric Holdings by 4,647.7% during the 1st quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock valued at $431,493,000 after purchasing an additional 4,863,057 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Lincoln Electric Holdings by 91.2% during the 2nd quarter. Principal Financial Group Inc. now owns 843,705 shares of the industrial products company’s stock valued at $77,697,000 after purchasing an additional 402,372 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lincoln Electric Holdings by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock valued at $467,527,000 after purchasing an additional 267,768 shares in the last quarter. Marathon Asset Management LLP boosted its stake in Lincoln Electric Holdings by 193.1% during the 2nd quarter. Marathon Asset Management LLP now owns 218,915 shares of the industrial products company’s stock valued at $20,235,000 after purchasing an additional 144,222 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Lincoln Electric Holdings during the 1st quarter valued at $7,809,000. 63.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 93.37 on Thursday. The firm has a market cap of $6.15 billion, a P/E ratio of 26.99 and a beta of 0.98. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 and a 12 month high of $97.97. The stock’s 50 day moving average price is $87.28 and its 200-day moving average price is $89.00.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

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 transaction of $272,734.00. Following the completion of the sale, the vice president now owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on LECO shares. Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price target on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Finally, BidaskClub lowered Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.86.

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Lincoln Electric Holdings 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 Holdings (NASDAQ:LECO)

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