Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 20.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 308,946 shares of the industrial products company’s stock after selling 80,299 shares during the period. Janus Henderson Group PLC owned about 0.54% of Lincoln Electric worth $78,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Birch Hill Investment Advisors LLC grew its stake in shares of Lincoln Electric by 2.7% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 181,094 shares of the industrial products company’s stock valued at $39,381,000 after buying an additional 4,770 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Lincoln Electric by 54.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,939 shares of the industrial products company’s stock worth $5,604,000 after purchasing an additional 7,718 shares in the last quarter. Telos Capital Management Inc. purchased a new position in shares of Lincoln Electric in the fourth quarter valued at approximately $925,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Lincoln Electric by 62.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,079 shares of the industrial products company’s stock valued at $16,442,000 after purchasing an additional 25,082 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Lincoln Electric by 2,984.6% in the fourth quarter. Eagle Asset Management Inc. now owns 439,065 shares of the industrial products company’s stock valued at $95,479,000 after purchasing an additional 424,831 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Wall Street Analyst Weigh In

LECO has been the subject of several recent research reports. KeyCorp decreased their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Loop Capital lowered their target price on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, May 24th. StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Robert W. Baird decreased their price objective on Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Electric presently has an average rating of “Hold” and an average target price of $221.71.

Lincoln Electric Stock Down 2.5 %

LECO traded down $5.32 on Wednesday, reaching $206.16. The company’s stock had a trading volume of 222,421 shares, compared to its average volume of 335,823. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $261.13. The stock has a 50 day moving average of $194.48 and a two-hundred day moving average of $222.79. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.54 and a beta of 1.15.

Lincoln Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.84 annualized dividend and a yield of 1.38%. Lincoln Electric’s dividend payout ratio is currently 30.15%.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.