Lincoln Electric Holdings, Inc. (LECO) Shares Bought by Brinker Capital Inc.

Brinker Capital Inc. boosted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,175 shares of the industrial products company’s stock after purchasing an additional 699 shares during the quarter. Brinker Capital Inc.’s holdings in Lincoln Electric were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Lincoln Electric by 1.3% during the fourth quarter. BlackRock Inc. now owns 6,023,122 shares of the industrial products company’s stock valued at $474,926,000 after buying an additional 75,137 shares during the period. Vanguard Group Inc. increased its stake in shares of Lincoln Electric by 1.5% during the third quarter. Vanguard Group Inc. now owns 6,003,585 shares of the industrial products company’s stock valued at $560,975,000 after buying an additional 89,009 shares during the period. Vanguard Group Inc increased its stake in shares of Lincoln Electric by 1.5% during the third quarter. Vanguard Group Inc now owns 6,003,585 shares of the industrial products company’s stock valued at $560,975,000 after buying an additional 89,009 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Lincoln Electric by 8,249.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,034,567 shares of the industrial products company’s stock valued at $26,000 after buying an additional 2,010,198 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Lincoln Electric by 3.6% during the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,450,000 shares of the industrial products company’s stock valued at $112,027,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 72.08% of the company’s stock.

NASDAQ LECO traded down $1.29 during trading on Wednesday, hitting $79.29. The company’s stock had a trading volume of 190,043 shares, compared to its average volume of 318,488. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.27. The company has a market cap of $5.01 billion, a PE ratio of 16.45, a P/E/G ratio of 1.39 and a beta of 1.19. Lincoln Electric Holdings, Inc. has a fifty-two week low of $72.28 and a fifty-two week high of $97.93.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, June 27th. Lincoln Electric’s payout ratio is 39.00%.

A number of equities research analysts recently weighed in on the company. Vertical Research downgraded Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Friday, February 15th. BidaskClub downgraded Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Jefferies Financial Group assumed coverage on Lincoln Electric in a research report on Friday, January 25th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Wellington Shields downgraded Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price objective on the stock. in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $94.75.

In related news, SVP Geoffrey P. Allman sold 792 shares of Lincoln Electric stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $87.54, for a total transaction of $69,331.68. Following the completion of the transaction, the senior vice president now directly owns 8,432 shares in the company, valued at $738,137.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Christopher L. Mapes sold 12,503 shares of Lincoln Electric stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.50, for a total value of $1,094,012.50. Following the transaction, the chairman now owns 231,232 shares of the company’s stock, valued at $20,232,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,826 shares of company stock valued at $1,376,530. Company insiders own 3.39% of the company’s stock.

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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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