Mutual of America Capital Management LLC Increases Position in Lincoln Electric Holdings, Inc. (LECO)

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Mutual of America Capital Management LLC boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,419 shares of the industrial products company’s stock after acquiring an additional 3,330 shares during the period. Mutual of America Capital Management LLC’s holdings in Lincoln Electric were worth $5,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its stake in Lincoln Electric by 3.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 21,088 shares of the industrial products company’s stock valued at $1,851,000 after acquiring an additional 673 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Lincoln Electric by 2.6% during the second quarter. Canada Pension Plan Investment Board now owns 26,700 shares of the industrial products company’s stock valued at $2,343,000 after buying an additional 675 shares during the period. Clearstead Advisors LLC increased its position in shares of Lincoln Electric by 0.9% during the third quarter. Clearstead Advisors LLC now owns 73,745 shares of the industrial products company’s stock valued at $6,891,000 after buying an additional 678 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Lincoln Electric by 2.5% during the second quarter. GHP Investment Advisors Inc. now owns 28,139 shares of the industrial products company’s stock valued at $2,469,000 after buying an additional 695 shares during the period. Finally, Skylands Capital LLC increased its position in shares of Lincoln Electric by 1.9% during the third quarter. Skylands Capital LLC now owns 38,046 shares of the industrial products company’s stock valued at $3,555,000 after buying an additional 696 shares during the period. Institutional investors and hedge funds own 69.85% of the company’s stock.

Shares of LECO opened at $79.97 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $75.07 and a twelve month high of $101.34. The stock has a market cap of $5.33 billion, a PE ratio of 18.22, a P/E/G ratio of 1.33 and a beta of 1.28. The company has a current ratio of 2.58, a quick ratio of 1.88 and a debt-to-equity ratio of 0.75.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $1.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.21. The firm had revenue of $737.10 million for the quarter, compared to analysts’ expectations of $763.42 million. Lincoln Electric had a return on equity of 31.77% and a net margin of 7.40%. As a group, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 4.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.35%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, December 28th. Lincoln Electric’s dividend payout ratio is 41.16%.

LECO has been the topic of several analyst reports. Robert W. Baird set a $85.00 price target on Lincoln Electric and gave the company a “hold” rating in a research report on Thursday, October 25th. Gabelli upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Friday, October 26th. BidaskClub upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Oppenheimer reiterated a “buy” rating and set a $95.00 price target on shares of Lincoln Electric in a research report on Thursday, October 25th. Finally, ValuEngine cut Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Lincoln Electric currently has an average rating of “Hold” and a consensus price target of $102.44.

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Lincoln Electric Profile

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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