Lincoln Electric Holdings, Inc. (LECO) Shares Sold by RMB Capital Management LLC

RMB Capital Management LLC reduced its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 28.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,847 shares of the industrial products company’s stock after selling 8,567 shares during the period. RMB Capital Management LLC’s holdings in Lincoln Electric were worth $1,723,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Lincoln Electric by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 767,756 shares of the industrial products company’s stock valued at $60,537,000 after acquiring an additional 39,548 shares in the last quarter. Magnus Financial Group LLC purchased a new position in shares of Lincoln Electric during the 4th quarter valued at $222,000. California State Teachers Retirement System grew its holdings in shares of Lincoln Electric by 2.8% during the 4th quarter. California State Teachers Retirement System now owns 101,646 shares of the industrial products company’s stock valued at $8,015,000 after acquiring an additional 2,726 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Lincoln Electric by 16.7% during the 4th quarter. Stifel Financial Corp now owns 13,985 shares of the industrial products company’s stock valued at $1,111,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lincoln Electric by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 589,395 shares of the industrial products company’s stock valued at $46,472,000 after acquiring an additional 20,307 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

LECO has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Lincoln Electric in a report on Friday, January 25th. They set a “buy” rating and a $100.00 price target on the stock. Wellington Shields cut shares of Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price target on the stock. in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Monday, January 21st. BidaskClub upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Vertical Research cut shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Lincoln Electric presently has an average rating of “Hold” and an average target price of $96.00.

Shares of NASDAQ:LECO opened at $84.45 on Friday. The firm has a market capitalization of $5.34 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. Lincoln Electric Holdings, Inc. has a 1 year low of $72.28 and a 1 year high of $97.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.30 and a quick ratio of 1.63.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, February 14th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.09. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $763.57 million. Lincoln Electric had a net margin of 9.48% and a return on equity of 33.87%. Lincoln Electric’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 5.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, March 28th. Lincoln Electric’s dividend payout ratio is presently 39.00%.

In other Lincoln Electric news, Director Hellene S. Runtagh sold 2,531 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $84.23, for a total transaction of $213,186.13. Following the completion of the transaction, the director now owns 24,878 shares of the company’s stock, valued at approximately $2,095,473.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Geoffrey P. Allman sold 792 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $87.54, for a total transaction of $69,331.68. Following the transaction, the senior vice president now directly owns 8,432 shares of the company’s stock, valued at approximately $738,137.28. The disclosure for this sale can be found here. Insiders sold 15,826 shares of company stock valued at $1,376,530 over the last quarter. 3.04% of the stock is currently owned by corporate insiders.

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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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