Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Lincoln Electric Holdings, Inc. (LECO)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,989 shares of the industrial products company’s stock after selling 12,280 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.58% of Lincoln Electric worth $35,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Teacher Retirement System of Texas raised its holdings in Lincoln Electric by 0.3% in the second 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 in the last quarter. Bbva Compass Bancshares Inc. raised its holdings in Lincoln Electric by 0.5% in the second 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 in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Lincoln Electric by 1.1% in the second 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 in the last quarter. Lord Abbett & CO. LLC raised its holdings in Lincoln Electric by 0.3% in the second 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 in the last quarter. Finally, World Asset Management Inc raised its holdings in Lincoln Electric by 2.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $90.83 on Tuesday. Lincoln Electric Holdings, Inc. has a twelve month low of $75.80 and a twelve month high of $99.59. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5,944.97, a price-to-earnings ratio of 25.18, a PEG ratio of 2.29 and a beta of 1.08.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, December 28th. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.72%. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.65%.

In other news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the transaction, the vice president now directly owns 14,449 shares in the company, valued at $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating on shares of Lincoln Electric in a report on Wednesday, November 1st. Zacks Investment Research downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Oppenheimer restated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Finally, Stifel Nicolaus reduced their price target on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $96.43.

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About Lincoln Electric

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 (NASDAQ:LECO)

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