Bank of Nova Scotia Reduces Stake in Lincoln Electric Holdings, Inc. (LECO)

Bank of Nova Scotia lessened its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 23.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,549 shares of the industrial products company’s stock after selling 7,851 shares during the period. Bank of Nova Scotia’s holdings in Lincoln Electric Holdings were worth $2,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LECO. UBS Asset Management Americas Inc. raised its stake in shares of Lincoln Electric Holdings by 14.8% in 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 buying an additional 4,805 shares in the last quarter. Stifel Financial Corp raised its stake 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 worth $966,000 after buying an additional 5,427 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Lincoln Electric Holdings in the 1st quarter worth $276,000. Teachers Advisors LLC raised its stake 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 worth $7,105,000 after buying an additional 15,989 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Lincoln Electric Holdings by 5.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 114,088 shares of the industrial products company’s stock worth $9,910,000 after buying an additional 5,624 shares in the last quarter. 63.94% of the stock is currently owned by institutional investors.

LECO has been the topic of a number of research reports. Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “sell” rating in a research note on Monday, October 9th. ValuEngine downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. FBR & Co reissued a “buy” rating on shares of Lincoln Electric Holdings in a research note on Monday, August 21st. KeyCorp reissued a “hold” rating on shares of Lincoln Electric Holdings in a research note on Friday, August 25th. Finally, Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, August 4th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.29.

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 value of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.27% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/20/bank-of-nova-scotia-reduces-stake-in-lincoln-electric-holdings-inc-leco.html.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at 94.72 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $63.30 and a 12 month high of $97.97. The stock’s 50 day moving average price is $91.67 and its 200-day moving average price is $90.07. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 27.38 and a beta of 1.01.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly 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 return on equity of 30.55% and a net margin of 9.86%. The business had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. During the same period last year, the company earned $0.83 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict 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 given 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 di

Several other institutional investors and hedge funds have also recently bought and sold shares of LECO. UBS Asset Management Americas Inc. raised its stake in shares of Lincoln Electric Holdings by 14.8% in 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 buying an additional 4,805 shares in the last quarter. Stifel Financial Corp raised its stake 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 worth $966,000 after buying an additional 5,427 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Lincoln Electric Holdings in the 1st quarter worth $276,000. Teachers Advisors LLC raised its stake 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 worth $7,105,000 after buying an additional 15,989 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Lincoln Electric Holdings by 5.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 114,088 shares of the industrial products company’s stock worth $9,910,000 after buying an additional 5,624 shares in the last quarter. 63.94% of the stock is currently owned by institutional investors.

LECO has been the topic of a number of research reports. Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “sell” rating in a research note on Monday, October 9th. ValuEngine downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. FBR & Co reissued a “buy” rating on shares of Lincoln Electric Holdings in a research note on Monday, August 21st. KeyCorp reissued a “hold” rating on shares of Lincoln Electric Holdings in a research note on Friday, August 25th. Finally, Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, August 4th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.29.

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 value of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.27% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/20/bank-of-nova-scotia-reduces-stake-in-lincoln-electric-holdings-inc-leco.html.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at 94.72 on Friday. Lincoln Electric Holdings, Inc. has a 12 month low of $63.30 and a 12 month high of $97.97. The stock’s 50 day moving average price is $91.67 and its 200-day moving average price is $90.07. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 27.38 and a beta of 1.01.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly 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 return on equity of 30.55% and a net margin of 9.86%. The business had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. During the same period last year, the company earned $0.83 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict 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 given 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 dividend yield of 1.65%. The ex-dividend date is Thursday, December 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) 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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