Algert Global LLC Has $4.56 Million Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Algert Global LLC raised its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 31.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,177 shares of the industrial products company’s stock after acquiring an additional 5,723 shares during the period. Algert Global LLC’s holdings in Lincoln Electric were worth $4,561,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S grew its stake in Lincoln Electric by 54.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,939 shares of the industrial products company’s stock valued at $5,604,000 after acquiring an additional 7,718 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Lincoln Electric by 62.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,079 shares of the industrial products company’s stock valued at $16,442,000 after buying an additional 25,082 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Lincoln Electric by 21.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 45,409 shares of the industrial products company’s stock worth $11,593,000 after acquiring an additional 7,922 shares during the period. Comerica Bank raised its stake in shares of Lincoln Electric by 28.4% in the fourth quarter. Comerica Bank now owns 126,573 shares of the industrial products company’s stock valued at $27,525,000 after buying an additional 27,989 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Lincoln Electric by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,709,315 shares of the industrial products company’s stock valued at $1,458,387,000 after buying an additional 15,062 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Trading Down 0.1 %

LECO opened at $193.39 on Monday. The firm has a market cap of $11.01 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.40 and a beta of 1.14. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $191.20 and a 200 day moving average of $208.24.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $2.44 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that Lincoln Electric Holdings, Inc. will post 8.95 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s payout ratio is currently 30.15%.

Analyst Upgrades and Downgrades

LECO has been the subject of several recent analyst reports. StockNews.com cut Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Robert W. Baird lowered their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus increased their target price on Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $226.33.

Insider Activity at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 11,178 shares of the company’s stock, valued at $1,966,880.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Lincoln Electric Profile

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.