Versor Investments LP Has $630,000 Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Versor Investments LP cut its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 63.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,341 shares of the industrial products company’s stock after selling 5,822 shares during the quarter. Versor Investments LP’s holdings in Lincoln Electric were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Lincoln Electric by 8.8% in the second quarter. Farther Finance Advisors LLC now owns 1,290 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 104 shares during the last quarter. Van ECK Associates Corp grew its holdings in Lincoln Electric by 20.9% in the 2nd quarter. Van ECK Associates Corp now owns 28,963 shares of the industrial products company’s stock valued at $5,464,000 after buying an additional 5,001 shares during the last quarter. Birch Hill Investment Advisors LLC grew its holdings in Lincoln Electric by 1.2% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 183,428 shares of the industrial products company’s stock valued at $34,602,000 after buying an additional 2,172 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Lincoln Electric by 27.2% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,906 shares of the industrial products company’s stock worth $1,869,000 after buying an additional 2,116 shares during the period. Finally, Great Diamond Partners LLC lifted its holdings in shares of Lincoln Electric by 2.3% during the second quarter. Great Diamond Partners LLC now owns 4,148 shares of the industrial products company’s stock worth $782,000 after buying an additional 94 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Loop Capital dropped their target price on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. KeyCorp dropped their price objective on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Robert W. Baird upped their price target on Lincoln Electric from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $219.43.

Lincoln Electric Stock Down 3.5 %

Shares of LECO opened at $186.77 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $194.93 and a two-hundred day moving average price of $217.13. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.42 and a beta of 1.15. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $2.44 EPS. Lincoln Electric’s revenue was down 3.7% on a year-over-year basis. Equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.07 EPS for the current fiscal year.

Lincoln Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s payout ratio is 30.15%.

Lincoln Electric Company 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.