SG Americas Securities LLC Has $351,000 Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

SG Americas Securities LLC decreased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 92.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,826 shares of the industrial products company's stock after selling 23,273 shares during the quarter. SG Americas Securities LLC's holdings in Lincoln Electric were worth $351,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of Lincoln Electric during the first quarter valued at approximately $26,000. Capital Advisors Ltd. LLC raised its stake in shares of Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company's stock worth $27,000 after buying an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Lincoln Electric by 174.4% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company's stock valued at $27,000 after buying an additional 68 shares during the period. V Square Quantitative Management LLC bought a new position in Lincoln Electric during the second quarter valued at about $28,000. Finally, Quarry LP boosted its stake in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company's stock valued at $57,000 after buying an additional 88 shares in the last quarter. Institutional investors own 79.61% of the company's stock.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Monday, October 14th. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Robert W. Baird reduced their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $221.67.

Lincoln Electric Trading Up 2.5 %

LECO stock traded up $4.88 during mid-day trading on Friday, reaching $203.10. 391,527 shares of the stock traded hands, compared to its average volume of 320,109. Lincoln Electric Holdings, Inc. has a 52-week low of $164.00 and a 52-week high of $261.13. The stock's fifty day moving average is $189.19 and its 200-day moving average is $202.54. The company has a market cap of $11.56 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The firm's quarterly revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Lincoln Electric Holdings, Inc. will post 8.95 earnings per share for the current year.

Lincoln Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Lincoln Electric's previous quarterly dividend of $0.71. Lincoln Electric's dividend payout ratio (DPR) is 31.85%.

Insider Activity

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares of the company's stock, valued at approximately $1,966,880.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.

Lincoln Electric 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.