Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,360 shares of the industrial products company’s stock after buying an additional 113 shares during the quarter. Aigen Investment Management LP’s holdings in Lincoln Electric were worth $453,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after buying an additional 68 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Lincoln Electric in the 2nd quarter worth approximately $28,000. UMB Bank n.a. boosted its position in shares of Lincoln Electric by 97.9% during the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 140 shares during the period. Quarry LP increased its holdings in Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Trading Down 1.4 %

Shares of NASDAQ:LECO opened at $207.51 on Friday. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The company’s 50 day moving average is $193.74 and its two-hundred day moving average is $197.63. The company has a market cap of $11.71 billion, a PE ratio of 24.76, a P/E/G ratio of 1.63 and a beta of 1.14. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. The company had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. Lincoln Electric’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $2.40 earnings per share. Equities analysts predict that Lincoln Electric Holdings, Inc. will post 8.78 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.75 dividend. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio is currently 33.89%.

Insiders Place Their Bets

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the transaction, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at $1,966,880.88. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LECO has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. KeyCorp increased their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $220.00.

About Lincoln Electric

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.