UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Lincoln Electric Holdings, Inc. $LECO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 124,744 shares of the industrial products company’s stock after selling 11,739 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Lincoln Electric worth $33,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Lincoln Electric during the second quarter worth $656,165,000. K.J. Harrison & Partners Inc acquired a new stake in Lincoln Electric in the fourth quarter valued at $1,677,000. Norges Bank purchased a new stake in Lincoln Electric during the 4th quarter worth about $415,155,000. California State Teachers Retirement System boosted its position in shares of Lincoln Electric by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 64,257 shares of the industrial products company’s stock worth $16,005,000 after acquiring an additional 12,093 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lincoln Electric by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock worth $313,175,000 after acquiring an additional 6,070 shares in the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Michael Whitehead sold 845 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total value of $232,214.45. Following the completion of the transaction, the executive vice president directly owned 9,319 shares of the company’s stock, valued at $2,560,954.39. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.68% of the stock is owned by insiders.

Lincoln Electric Stock Performance

Shares of LECO opened at $273.83 on Friday. The company’s fifty day moving average is $267.57 and its two-hundred day moving average is $265.33. The stock has a market capitalization of $14.93 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. Lincoln Electric Holdings, Inc. has a 1 year low of $216.22 and a 1 year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $2.60 earnings per share. Lincoln Electric’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current year.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s payout ratio is 31.57%.

Lincoln Electric News Summary

Here are the key news stories impacting Lincoln Electric this week:

• Positive Sentiment: Higher earnings expectations: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.73 from $2.66, Q2 2027 to $3.27 from $3.24, and Q4 2027 to $3.06 from $3.02. Its FY2027 forecast increased to $12.08 from $11.88, above the current-year consensus of $11.13. Lincoln Electric analyst estimates
• Positive Sentiment: Longer-term growth outlook improved: Zacks lifted its Q1 2028 EPS estimate to $2.95 from $2.88, Q2 2028 to $3.43 from $3.37, and FY2028 to $12.90 from $12.62. The upward revisions suggest expectations for continued earnings expansion at the industrial-products company. Lincoln Electric long-term earnings estimates
• Positive Sentiment: GARP and industry positioning: Zacks identified LECO as a growth-at-a-reasonable-price candidate, citing solid prospects relative to valuation. The company was also included among manufacturing-tools stocks positioned to benefit from increased manufacturing activity, technological progress and strategic acquisitions. GARP stocks article Manufacturing tools stocks article

Wall Street Analyst Weigh In

Several research firms recently weighed in on LECO. UBS Group initiated coverage on Lincoln Electric in a research note on Monday, August 10th. They set a “buy” rating and a $340.00 target price for the company. Wall Street Zen raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Morgan Stanley upgraded 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. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Finally, DA Davidson started coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $307.22.

About Lincoln Electric

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.