Lincoln Electric Holdings, Inc. (LECO) Position Cut by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC cut its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,802 shares of the industrial products company’s stock after selling 331 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Lincoln Electric Holdings were worth $718,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CT Mason increased its stake in shares of Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock valued at $1,017,000 after buying an additional 30 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in shares of Lincoln Electric Holdings by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after buying an additional 34 shares in the last quarter. US Bancorp DE increased its stake in shares of Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 90 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Lincoln Electric Holdings by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,100 shares of the industrial products company’s stock valued at $2,180,000 after buying an additional 100 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after buying an additional 112 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at 87.09 on Thursday. The firm has a market cap of $5.74 billion, a PE ratio of 25.17 and a beta of 0.97. Lincoln Electric Holdings, Inc. has a 52 week low of $59.27 and a 52 week high of $97.97. The firm has a 50-day moving average of $90.92 and a 200-day moving average of $88.33.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The firm had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, analysts expect that Lincoln Electric Holdings, Inc. will post $3.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.61%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Several equities research analysts have recently issued reports on LECO shares. Royal Bank Of Canada reissued a “hold” rating and set a $78.00 price objective on shares of Lincoln Electric Holdings in a research report on Monday, April 17th. Stifel Nicolaus reissued a “hold” rating and set a $88.00 price objective (up previously from $86.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Barclays PLC reissued an “equal weight” rating and set a $82.00 price objective (up previously from $75.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Deutsche Bank AG lowered their price objective on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Tuesday, June 20th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $89.67.

In related news, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $94.40, for a total value of $425,083.20. Following the transaction, the vice president now directly owns 24,489 shares of the company’s stock, valued at approximately $2,311,761.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the completion of the transaction, the director now directly owns 248,032 shares in the company, valued at $22,042,603.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,463 shares of company stock valued at $4,140,642. Company insiders own 3.27% of the company’s stock.

About Lincoln Electric Holdings

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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