Bank of New York Mellon Corp Has $104.20 Million Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Bank of New York Mellon Corp increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 555,836 shares of the industrial products company's stock after purchasing an additional 13,134 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.99% of Lincoln Electric worth $104,203,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Lincoln Electric by 9.1% in the 3rd quarter. Private Advisor Group LLC now owns 1,388 shares of the industrial products company's stock valued at $266,000 after purchasing an additional 116 shares during the period. First Trust Direct Indexing L.P. bought a new stake in Lincoln Electric in the third quarter valued at $204,000. Diversify Wealth Management LLC grew its position in Lincoln Electric by 17.8% in the third quarter. Diversify Wealth Management LLC now owns 1,718 shares of the industrial products company's stock valued at $333,000 after acquiring an additional 260 shares during the period. HM Payson & Co. bought a new position in shares of Lincoln Electric during the third quarter valued at $65,000. Finally, Cambiar Investors LLC lifted its holdings in shares of Lincoln Electric by 0.5% during the third quarter. Cambiar Investors LLC now owns 61,653 shares of the industrial products company's stock valued at $11,839,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 79.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. KeyCorp increased their price target on Lincoln Electric from $230.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Finally, Barclays lifted their price target on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $233.60.

Lincoln Electric Stock Up 1.1 %

LECO stock traded up $2.21 during mid-day trading on Wednesday, reaching $195.82. The company had a trading volume of 397,347 shares, compared to its average volume of 309,781. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $196.52 and a two-hundred day simple moving average of $197.08. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.51 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.54. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $995.94 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. As a group, equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.75 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.53%. Lincoln Electric's dividend payout ratio (DPR) is presently 36.81%.

Insider Buying and Selling

In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the transaction, the chief executive officer now owns 54,660 shares in the company, valued at $11,777,590.20. This trade represents a 27.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by insiders.

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.