Barclays PLC Acquires 3,093 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Barclays PLC grew its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,159 shares of the industrial products company’s stock after acquiring an additional 3,093 shares during the period. Barclays PLC owned 0.05% of Lincoln Electric worth $2,791,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its position in Lincoln Electric by 1.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,690 shares of the industrial products company’s stock worth $962,000 after acquiring an additional 120 shares in the last quarter. Garrison Asset Management LLC grew its position in Lincoln Electric by 0.3% in the second quarter. Garrison Asset Management LLC now owns 40,720 shares of the industrial products company’s stock worth $3,352,000 after acquiring an additional 122 shares in the last quarter. Albert D Mason Inc. grew its position in Lincoln Electric by 1.5% in the third quarter. Albert D Mason Inc. now owns 8,955 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 130 shares in the last quarter. Captrust Financial Advisors grew its position in Lincoln Electric by 12.6% in the second quarter. Captrust Financial Advisors now owns 1,343 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 150 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Lincoln Electric by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,950 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 159 shares in the last quarter. 71.06% of the stock is owned by institutional investors.

LECO has been the subject of several recent research reports. Seaport Global Securities downgraded shares of Lincoln Electric from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 18th. Stifel Nicolaus downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $97.00 to $84.00 in a research report on Tuesday, October 8th. Oppenheimer cut shares of Lincoln Electric from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, BidaskClub upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $91.33.

In other news, VP Steven B. Hedlund sold 6,010 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $92.70, for a total value of $557,127.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas S. Lance sold 2,770 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $91.12, for a total transaction of $252,402.40. The disclosure for this sale can be found here. Insiders sold 18,569 shares of company stock valued at $1,687,854 over the last 90 days. 3.39% of the stock is owned by corporate insiders.

Shares of Lincoln Electric stock opened at $91.59 on Tuesday. The firm has a fifty day simple moving average of $90.76 and a 200-day simple moving average of $84.54. The company has a current ratio of 1.89, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. Lincoln Electric Holdings, Inc. has a 1-year low of $72.28 and a 1-year high of $94.54. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.75 and a beta of 1.24.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.15). Lincoln Electric had a return on equity of 36.00% and a net margin of 10.50%. The firm had revenue of $730.80 million during the quarter, compared to analyst estimates of $750.21 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Lincoln Electric’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that Lincoln Electric Holdings, Inc. will post 4.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, December 30th. Lincoln Electric’s payout ratio is presently 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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