Huntington National Bank Acquires 150 Shares of Lincoln Electric Holdings, Inc. (LECO)

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Huntington National Bank lifted its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 18.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 950 shares of the industrial products company’s stock after buying an additional 150 shares during the quarter. Huntington National Bank’s holdings in Lincoln Electric were worth $80,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Intercontinental Wealth Advisors LLC bought a new position in shares of Lincoln Electric in the 4th quarter worth about $36,000. ETF Managers Group LLC lifted its position in shares of Lincoln Electric by 15.6% in the 4th quarter. ETF Managers Group LLC now owns 1,445 shares of the industrial products company’s stock worth $114,000 after buying an additional 195 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Lincoln Electric by 311.9% in the 4th quarter. Meeder Asset Management Inc. now owns 1,656 shares of the industrial products company’s stock worth $131,000 after buying an additional 1,254 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Lincoln Electric in the 4th quarter worth about $167,000. Finally, Quantamental Technologies LLC bought a new position in shares of Lincoln Electric in the 4th quarter worth about $199,000. Institutional investors own 71.62% of the company’s stock.

LECO has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Lincoln Electric in a research report on Friday, January 25th. They issued a “buy” rating and a $100.00 price objective on the stock. BidaskClub upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Vertical Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Friday, February 15th. Wellington Shields downgraded shares of Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price objective on the stock. in a research report on Friday, February 15th. Finally, Zacks Investment Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Lincoln Electric has a consensus rating of “Hold” and an average price target of $96.00.

Shares of NASDAQ:LECO opened at $89.83 on Wednesday. The stock has a market capitalization of $5.62 billion, a P/E ratio of 18.46, a PEG ratio of 1.37 and a beta of 1.19. Lincoln Electric Holdings, Inc. has a fifty-two week low of $72.28 and a fifty-two week high of $97.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.63 and a current ratio of 2.30.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 14th. The industrial products company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.09. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $763.57 million. Lincoln Electric had a net margin of 9.48% and a return on equity of 33.87%. Lincoln Electric’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. On average, research analysts expect that Lincoln Electric Holdings, Inc. will post 5.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.88 annualized dividend and a yield of 2.09%. Lincoln Electric’s payout ratio is 39.00%.

In other Lincoln Electric news, Director Hellene S. Runtagh sold 2,531 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $84.23, for a total transaction of $213,186.13. Following the transaction, the director now owns 24,878 shares of the company’s stock, valued at approximately $2,095,473.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Geoffrey P. Allman sold 792 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $87.54, for a total transaction of $69,331.68. Following the transaction, the senior vice president now directly owns 8,432 shares in the company, valued at approximately $738,137.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,826 shares of company stock worth $1,376,530. 3.39% of the stock is owned by corporate insiders.

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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 offers welding products, including 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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