Vanguard Personalized Indexing Management LLC reduced its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,703 shares of the industrial products company’s stock after selling 231 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lincoln Electric were worth $871,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S increased its position in Lincoln Electric by 54.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,939 shares of the industrial products company’s stock worth $5,604,000 after buying an additional 7,718 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Lincoln Electric by 62.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,079 shares of the industrial products company’s stock worth $16,442,000 after purchasing an additional 25,082 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Lincoln Electric by 2,984.6% during the 4th quarter. Eagle Asset Management Inc. now owns 439,065 shares of the industrial products company’s stock worth $95,479,000 after purchasing an additional 424,831 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Lincoln Electric by 21.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,409 shares of the industrial products company’s stock worth $11,593,000 after purchasing an additional 7,922 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Lincoln Electric by 28.4% during the 4th quarter. Comerica Bank now owns 126,573 shares of the industrial products company’s stock worth $27,525,000 after purchasing an additional 27,989 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LECO has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus lifted their price objective on Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $218.29.

Read Our Latest Stock Report on Lincoln Electric

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.63% of the company’s stock.

Lincoln Electric Price Performance

Shares of LECO stock opened at $189.79 on Wednesday. The stock’s fifty day simple moving average is $192.04 and its 200 day simple moving average is $209.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.31. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.31 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a one year low of $164.00 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $2.44 EPS. Lincoln Electric’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.71 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.84 annualized dividend and a yield of 1.50%. Lincoln Electric’s payout ratio is 30.15%.

Lincoln Electric Company Profile

(Free Report)

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 brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.

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