36,059 Shares in Lincoln Electric Holdings, Inc. $LECO Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,059 shares of the industrial products company’s stock, valued at approximately $9,574,000. Trillium Asset Management LLC owned approximately 0.07% of Lincoln Electric as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LECO. BlackRock Inc. acquired a new stake in shares of Lincoln Electric during the second quarter valued at $1,431,181,000. Diamant Asset Management Inc. boosted its position in Lincoln Electric by 24,685.8% during the first quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company’s stock worth $956,360,000 after acquiring an additional 3,824,077 shares during the last quarter. Norges Bank acquired a new position in Lincoln Electric in the 4th quarter valued at $415,155,000. Algebris UK Ltd. purchased a new stake in shares of Lincoln Electric in the second quarter valued at $44,811,000. Finally, William Blair Investment Management LLC acquired a new position in Lincoln Electric in the fourth quarter valued at $146,135,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LECO has been the subject of several recent analyst reports. DA Davidson started coverage on Lincoln Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price target for the company. Weiss Ratings raised Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. UBS Group began coverage on Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 target price for the company. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Morgan Stanley upgraded Lincoln Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $257.00 to $283.00 in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.22.

Lincoln Electric Stock Up 1.0%

Shares of Lincoln Electric stock traded up $2.60 during trading on Monday, reaching $259.80. The company had a trading volume of 124,872 shares, compared to its average volume of 387,812. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. Lincoln Electric Holdings, Inc. has a fifty-two week low of $216.22 and a fifty-two week high of $310.00. The firm’s fifty day moving average is $268.47 and its 200-day moving average is $263.38. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. Lincoln Electric’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is presently 31.57%.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.

Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.