Lincoln Electric Holdings, Inc. $LECO Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 43.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,166 shares of the industrial products company's stock after selling 91,252 shares during the quarter. Alyeska Investment Group L.P. owned 0.22% of Lincoln Electric worth $31,374,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC purchased a new stake in shares of Lincoln Electric during the 2nd quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in shares of Lincoln Electric in the 4th quarter valued at about $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Lincoln Electric in the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new position in Lincoln Electric in the 2nd quarter worth about $38,000. Finally, Ancora Advisors LLC acquired a new stake in Lincoln Electric in the second quarter valued at approximately $38,000. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric Price Performance

NASDAQ:LECO opened at $284.89 on Monday. Lincoln Electric Holdings, Inc. has a one year low of $216.22 and a one year high of $310.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The stock has a market cap of $15.53 billion, a PE ratio of 28.46, a P/E/G ratio of 1.71 and a beta of 1.20. The stock has a 50 day moving average price of $267.37 and a 200 day moving average price of $265.88.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 11.13 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric's dividend payout ratio (DPR) is presently 31.57%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 10th. DA Davidson began coverage on shares of Lincoln Electric in a research note on Tuesday, June 16th. They issued a "buy" rating and a $320.00 price target on the stock. Barclays boosted their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 5th. UBS Group assumed coverage on Lincoln Electric in a research report on Monday, August 10th. They issued a "buy" rating and a $340.00 target price on the stock. Finally, Morgan Stanley raised Lincoln Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $307.22.

Insider Buying and Selling

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of Lincoln Electric stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the transaction, the executive vice president directly owned 9,319 shares of the company's stock, valued at $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.68% of the stock is owned by company insiders.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc NASDAQ: LECO is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company's portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.

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