Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,200 shares of the industrial products company’s stock, valued at approximately $1,334,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd lifted its stake in shares of Lincoln Electric by 2,482.0% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,291 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,241 shares during the last quarter. Psagot Investment House Ltd. purchased a new stake in shares of Lincoln Electric during the 2nd quarter worth $133,000. Twin Tree Management LP lifted its stake in shares of Lincoln Electric by 262.2% during the 2nd quarter. Twin Tree Management LP now owns 1,588 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 2,567 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Lincoln Electric during the 2nd quarter worth $206,000. Finally, New England Asset Management Inc. purchased a new stake in shares of Lincoln Electric during the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

In other Lincoln Electric news, Director Kathryn Jo Lincoln sold 3,140 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $94.10, for a total value of $295,474.00. Following the completion of the sale, the director now directly owns 44,194 shares in the company, valued at $4,158,655.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William E. Macdonald III sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $92.96, for a total value of $325,360.00. Following the completion of the transaction, the director now owns 15,307 shares of the company’s stock, valued at $1,422,938.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,958 shares of company stock valued at $1,100,990. 3.04% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on LECO shares. BidaskClub cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Oppenheimer set a $105.00 price objective on Lincoln Electric and gave the stock a “buy” rating in a research note on Monday, July 23rd. ValuEngine upgraded Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Finally, Zacks Investment Research cut Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Lincoln Electric currently has an average rating of “Hold” and a consensus target price of $106.25.

Lincoln Electric stock traded up $0.21 during midday trading on Friday, reaching $83.62. The company’s stock had a trading volume of 462,038 shares, compared to its average volume of 413,337. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.94 and a current ratio of 2.62. Lincoln Electric Holdings, Inc. has a 52-week low of $81.48 and a 52-week high of $101.34. The stock has a market cap of $6.09 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Monday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. Lincoln Electric had a return on equity of 29.77% and a net margin of 8.77%. The company had revenue of $790.10 million during the quarter, compared to analysts’ expectations of $810.54 million. During the same period last year, the business posted $0.97 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 4.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, September 27th. Lincoln Electric’s dividend payout ratio (DPR) is presently 41.16%.

Lincoln Electric 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's welding products include 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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