Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 87.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,099 shares of the industrial products company's stock after buying an additional 11,741 shares during the period. SG Americas Securities LLC's holdings in Lincoln Electric were worth $4,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Lincoln Electric in the 1st quarter valued at about $26,000. Capital Advisors Ltd. LLC raised its stake in shares of Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company's stock worth $27,000 after acquiring an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Lincoln Electric by 174.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company's stock worth $27,000 after acquiring an additional 68 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Lincoln Electric during the 4th quarter valued at $32,000. Finally, Rise Advisors LLC purchased a new position in Lincoln Electric in the 1st quarter worth $35,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LECO has been the topic of several analyst reports. StockNews.com upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Robert W. Baird raised their target price on shares of Lincoln Electric from $213.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. KeyCorp cut their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 24th. Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Finally, Oppenheimer restated a "market perform" rating on shares of Lincoln Electric in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Lincoln Electric has a consensus rating of "Hold" and an average price target of $219.43.

Lincoln Electric Stock Down 1.0 %

Shares of LECO traded down $1.84 during mid-day trading on Monday, reaching $187.81. The company had a trading volume of 222,221 shares, compared to its average volume of 341,739. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.06. The firm has a 50-day moving average price of $192.89 and a 200 day moving average price of $221.45. Lincoln Electric Holdings, Inc. has a 52 week low of $164.00 and a 52 week high of $261.13. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.02 billion during 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% compared to the same quarter last year. On average, sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 9.03 EPS for the current year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, September 30th. Lincoln Electric's payout ratio is 30.15%.

Lincoln Electric Company 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.