Headlands Technologies LLC Has $1.83 Million Stake in Lincoln Electric Holdings, Inc. $LECO

Headlands Technologies LLC grew its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 106.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,878 shares of the industrial products company’s stock after acquiring an additional 3,539 shares during the quarter. Headlands Technologies LLC’s holdings in Lincoln Electric were worth $1,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LECO. BlackRock Inc. acquired a new position in Lincoln Electric in the 2nd quarter worth $656,165,000. Diamant Asset Management Inc. raised its stake in shares of Lincoln Electric by 24,685.8% in the 1st quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company’s stock valued at $956,360,000 after purchasing an additional 3,824,077 shares during the period. Norges Bank bought a new stake in shares of Lincoln Electric in the fourth quarter valued at about $415,155,000. Hsbc Holdings PLC bought a new stake in shares of Lincoln Electric in the second quarter valued at about $52,700,000. Finally, Algebris UK Ltd. acquired a new position in shares of Lincoln Electric during the second quarter worth about $44,811,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insider Activity at Lincoln Electric

In other news, EVP Michael J. Whitehead sold 845 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the transaction, the executive vice president directly owned 9,319 shares in the company, valued at $2,560,954.39. The trade was a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.68% of the stock is currently owned by company insiders.

Lincoln Electric Stock Performance

LECO opened at $281.23 on Tuesday. Lincoln Electric Holdings, Inc. has a 52-week low of $216.22 and a 52-week high of $310.00. The firm has a market capitalization of $15.33 billion, a PE ratio of 28.09, a PEG ratio of 1.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The business’s 50-day simple moving average is $267.50 and its 200 day simple moving average is $265.79.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $2.60 earnings per share. As a group, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 11.13 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analysts Forecast Growth

LECO has been the subject of a number of research reports. Weiss Ratings upgraded Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Barclays upped their price target on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group assumed coverage on shares of Lincoln Electric in a report on Monday, August 10th. They issued a “buy” rating and a $340.00 price objective on the stock. Finally, Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.22.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.