Quantbot Technologies LP Purchases Shares of 11,911 Lincoln Electric Holdings, Inc. (LECO)

Quantbot Technologies LP purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,911 shares of the industrial products company’s stock, valued at approximately $1,092,000.

Several other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Lincoln Electric Holdings by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 14 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in shares of Lincoln Electric Holdings by 0.5% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 34 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Lincoln Electric Holdings by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 78 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Lincoln Electric Holdings by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after purchasing an additional 100 shares during the period. Finally, World Asset Management Inc grew its holdings in shares of Lincoln Electric Holdings by 2.8% during the 2nd quarter. World Asset Management Inc now owns 4,779 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 62.53% of the company’s stock.

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.27% of the company’s stock.

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Several equities analysts recently commented on LECO shares. FBR & Co reissued a “buy” rating and set a $115.00 price target (up from $105.00) on shares of Lincoln Electric Holdings in a research report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Lincoln Electric Holdings in a research report on Friday, October 20th. Robert W. Baird reissued a “hold” rating and set a $92.00 price target on shares of Lincoln Electric Holdings in a research report on Friday, October 13th. Zacks Investment Research raised Lincoln Electric Holdings from a “sell” rating to a “hold” rating and set a $106.00 price target on the stock in a research report on Monday, October 16th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $95.00 price target on shares of Lincoln Electric Holdings in a research report on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus target price of $96.43.

Shares of Lincoln Electric Holdings, Inc. (LECO) traded up $0.42 on Tuesday, hitting $88.89. The company’s stock had a trading volume of 180,200 shares, compared to its average volume of 375,274. Lincoln Electric Holdings, Inc. has a one year low of $71.62 and a one year high of $99.59. The firm has a market cap of $5,820.00, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a net margin of 11.34% and a return on equity of 28.97%. The business had revenue of $669.50 million during the quarter, compared to analyst estimates of $658.48 million. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts anticipate that Lincoln Electric Holdings, Inc. will post 3.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, December 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 33.73%.

Lincoln Electric Holdings Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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Institutional Ownership by Quarter for Lincoln Electric Holdings (NASDAQ:LECO)

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