Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Position Maintained by Cambridge Trust Co.

Cambridge Trust Co. held its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,696 shares of the industrial products company’s stock at the end of the second quarter. Cambridge Trust Co.’s holdings in Lincoln Electric Holdings were worth $248,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CT Mason increased its stake in 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 during the last quarter. Bbva Compass Bancshares Inc. increased its stake in 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 during the last quarter. US Bancorp DE increased its stake in 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 during the last quarter. State Treasurer State of Michigan increased its stake in 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 during the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in 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 during the last quarter. 64.10% of the stock is owned by institutional investors.

Shares of Lincoln Electric Holdings, Inc. (LECO) opened at 88.53 on Tuesday. The company has a market cap of $5.83 billion, a P/E ratio of 25.59 and a beta of 0.97. The company’s 50 day moving average is $92.34 and its 200-day moving average is $88.13. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Analysts expect that Lincoln Electric Holdings, Inc. will post $3.74 EPS for the current fiscal year.

The firm also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is 40.46%.

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Several research firms have recently weighed in on LECO. FBR & Co reissued an “outperform” rating on shares of Lincoln Electric Holdings in a research report on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 target price on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. Barclays PLC reissued an “equal weight” rating and issued a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a research report on Monday, April 17th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.67.

In other news, Director G Russell Lincoln sold 22,500 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total value of $1,999,575.00. Following the completion of the transaction, the director now owns 248,032 shares in the company, valued at approximately $22,042,603.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Thomas A. Flohn sold 8,540 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $90.15, for a total transaction of $769,881.00. Following the completion of the transaction, the senior vice president now owns 31,160 shares of the company’s stock, valued at approximately $2,809,074. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,463 shares of company stock valued at $4,140,642. Corporate 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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