GSA Capital Partners LLP Purchases Shares of 3,044 Lincoln Electric Holdings, Inc. (LECO)

GSA Capital Partners LLP purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,044 shares of the industrial products company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LECO. UBS Asset Management Americas Inc. increased its holdings in Lincoln Electric Holdings by 14.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,207 shares of the industrial products company’s stock worth $3,232,000 after purchasing an additional 4,805 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Lincoln Electric Holdings in the 1st quarter valued at about $278,000. Stifel Financial Corp increased its holdings in shares of Lincoln Electric Holdings by 95.5% in the 1st quarter. Stifel Financial Corp now owns 11,110 shares of the industrial products company’s stock valued at $966,000 after acquiring an additional 5,427 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Lincoln Electric Holdings in the 1st quarter valued at about $276,000. Finally, Teachers Advisors LLC increased its holdings in shares of Lincoln Electric Holdings by 24.3% in the 1st quarter. Teachers Advisors LLC now owns 81,797 shares of the industrial products company’s stock valued at $7,105,000 after acquiring an additional 15,989 shares during the last quarter. Institutional investors own 63.94% of the company’s stock.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.27% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://ledgergazette.com/2017/10/19/gsa-capital-partners-llp-purchases-shares-of-3044-lincoln-electric-holdings-inc-leco.html.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Lincoln Electric Holdings from a “sell” rating to a “hold” rating and set a $106.00 price objective on the stock in a report on Monday. Robert W. Baird reiterated a “hold” rating and issued a $92.00 price objective on shares of Lincoln Electric Holdings in a report on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 price objective on shares of Lincoln Electric Holdings in a report on Wednesday, October 4th. ValuEngine downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $89.29.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 94.99 on Thursday. The stock has a market cap of $6.26 billion, a P/E ratio of 27.45 and a beta of 1.01. The stock has a 50 day moving average price of $91.44 and a 200-day moving average price of $90.04. Lincoln Electric Holdings, Inc. has a 12-month low of $61.77 and a 12-month high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. Lincoln Electric Holdings’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. On average, equities analysts expect that Lincoln Electric Holdings, Inc. will post $3.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.39 dividend. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln

A number of other hedge funds and other institutional investors also recently modified their holdings of LECO. UBS Asset Management Americas Inc. increased its holdings in Lincoln Electric Holdings by 14.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,207 shares of the industrial products company’s stock worth $3,232,000 after purchasing an additional 4,805 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Lincoln Electric Holdings in the 1st quarter valued at about $278,000. Stifel Financial Corp increased its holdings in shares of Lincoln Electric Holdings by 95.5% in the 1st quarter. Stifel Financial Corp now owns 11,110 shares of the industrial products company’s stock valued at $966,000 after acquiring an additional 5,427 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Lincoln Electric Holdings in the 1st quarter valued at about $276,000. Finally, Teachers Advisors LLC increased its holdings in shares of Lincoln Electric Holdings by 24.3% in the 1st quarter. Teachers Advisors LLC now owns 81,797 shares of the industrial products company’s stock valued at $7,105,000 after acquiring an additional 15,989 shares during the last quarter. Institutional investors own 63.94% of the company’s stock.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.27% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://ledgergazette.com/2017/10/19/gsa-capital-partners-llp-purchases-shares-of-3044-lincoln-electric-holdings-inc-leco.html.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Lincoln Electric Holdings from a “sell” rating to a “hold” rating and set a $106.00 price objective on the stock in a report on Monday. Robert W. Baird reiterated a “hold” rating and issued a $92.00 price objective on shares of Lincoln Electric Holdings in a report on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 price objective on shares of Lincoln Electric Holdings in a report on Wednesday, October 4th. ValuEngine downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $89.29.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at 94.99 on Thursday. The stock has a market cap of $6.26 billion, a P/E ratio of 27.45 and a beta of 1.01. The stock has a 50 day moving average price of $91.44 and a 200-day moving average price of $90.04. Lincoln Electric Holdings, Inc. has a 12-month low of $61.77 and a 12-month high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. Lincoln Electric Holdings’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. On average, equities analysts expect that Lincoln Electric Holdings, Inc. will post $3.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.39 dividend. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric Holdings’s payout ratio is currently 40.46%.

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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