Versor Investments LP Has $324,000 Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Versor Investments LP trimmed its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 48.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,914 shares of the industrial products company's stock after selling 1,800 shares during the period. Versor Investments LP's holdings in Lincoln Electric were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC raised its stake in shares of Lincoln Electric by 17.3% during the first quarter. Signaturefd LLC now owns 407 shares of the industrial products company's stock worth $69,000 after buying an additional 60 shares during the last quarter. State of Wyoming raised its stake in shares of Lincoln Electric by 14.7% during the fourth quarter. State of Wyoming now owns 492 shares of the industrial products company's stock worth $71,000 after buying an additional 63 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Lincoln Electric by 1.3% during the first quarter. Ieq Capital LLC now owns 5,698 shares of the industrial products company's stock worth $964,000 after buying an additional 72 shares during the last quarter. Everhart Financial Group Inc. raised its stake in shares of Lincoln Electric by 3.3% during the first quarter. Everhart Financial Group Inc. now owns 2,286 shares of the industrial products company's stock worth $387,000 after buying an additional 73 shares during the last quarter. Finally, Brinker Capital Investments LLC raised its stake in shares of Lincoln Electric by 2.2% during the first quarter. Brinker Capital Investments LLC now owns 3,702 shares of the industrial products company's stock worth $510,000 after buying an additional 80 shares during the last quarter. 78.91% of the stock is owned by institutional investors.

Several brokerages have commented on LECO. Barclays upped their target price on shares of Lincoln Electric from $145.00 to $185.00 in a research note on Tuesday, May 2nd. 888 reaffirmed a "maintains" rating on shares of Lincoln Electric in a research note on Friday, April 28th. Oppenheimer downgraded shares of Lincoln Electric from an "outperform" rating to a "market perform" rating in a research note on Friday, July 21st. StockNews.com raised shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird upped their target price on shares of Lincoln Electric from $184.00 to $200.00 in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $187.00.

Get Our Latest Analysis on Lincoln Electric

Shares of LECO opened at $196.99 on Tuesday. Lincoln Electric Holdings, Inc. has a 12 month low of $120.01 and a 12 month high of $210.86. The firm has a fifty day simple moving average of $195.21 and a 200 day simple moving average of $176.60. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.41 and a beta of 1.16. The company has a current ratio of 2.03, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its earnings results on Thursday, July 27th. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.32 by $0.12. Lincoln Electric had a net margin of 12.04% and a return on equity of 46.60%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Saturday, September 30th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric's dividend payout ratio is currently 31.26%.

In other news, CEO Christopher L. Mapes sold 89,030 shares of Lincoln Electric stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $194.22, for a total value of $17,291,406.60. Following the completion of the transaction, the chief executive officer now owns 180,384 shares of the company's stock, valued at approximately $35,034,180.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Jennifer I. Ansberry sold 8,962 shares of Lincoln Electric stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $200.27, for a total value of $1,794,819.74. Following the completion of the transaction, the executive vice president now owns 19,570 shares of the company's stock, valued at approximately $3,919,283.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher L. Mapes sold 89,030 shares of Lincoln Electric stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $194.22, for a total transaction of $17,291,406.60. Following the completion of the transaction, the chief executive officer now directly owns 180,384 shares of the company's stock, valued at approximately $35,034,180.48. The disclosure for this sale can be found here. Insiders sold a total of 119,757 shares of company stock valued at $22,975,215 in the last quarter. Company insiders own 2.90% of the company's stock.

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, as well as consumables used in the brazing and soldering alloys market.

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