Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 111,600 shares of the industrial products company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank’s holdings in Lincoln Electric were worth $9,360,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in Lincoln Electric by 3.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,798 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 123 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Lincoln Electric by 2.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,464 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 148 shares during the last quarter. Huntington National Bank raised its stake in Lincoln Electric by 18.8% in the 1st quarter. Huntington National Bank now owns 950 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 150 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Lincoln Electric by 0.5% in the 1st quarter. GHP Investment Advisors Inc. now owns 29,677 shares of the industrial products company’s stock valued at $2,489,000 after purchasing an additional 161 shares during the last quarter. Finally, ETF Managers Group LLC raised its stake in Lincoln Electric by 11.3% in the 1st quarter. ETF Managers Group LLC now owns 1,608 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 163 shares during the last quarter. 72.31% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:LECO opened at $78.24 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.27 and a quick ratio of 1.56. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.40 and a beta of 1.25. Lincoln Electric Holdings, Inc. has a 52-week low of $72.28 and a 52-week high of $97.93.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Monday, April 22nd. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.06). The company had revenue of $759.17 million during the quarter, compared to analysts’ expectations of $767.41 million. Lincoln Electric had a net margin of 9.83% and a return on equity of 35.14%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, equities analysts expect that Lincoln Electric Holdings, Inc. will post 5.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, June 27th. Lincoln Electric’s payout ratio is currently 39.00%.

LECO has been the subject of several recent research reports. Vertical Research downgraded Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Friday, February 15th. Wellington Shields downgraded Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price objective for the company. in a research note on Friday, February 15th. Finally, BidaskClub downgraded Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $94.75.

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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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