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Northwestern Mutual Wealth Management Co. Sells 441 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Northwestern Mutual Wealth Management Co. decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECOGet Rating) by 18.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,002 shares of the industrial products company’s stock after selling 441 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Lincoln Electric were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State of Michigan Retirement System grew its stake in shares of Lincoln Electric by 0.5% in the first quarter. State of Michigan Retirement System now owns 14,989 shares of the industrial products company’s stock worth $2,066,000 after acquiring an additional 76 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Lincoln Electric by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,761 shares of the industrial products company’s stock worth $656,000 after acquiring an additional 79 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Lincoln Electric by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 14,169 shares of the industrial products company’s stock worth $1,972,000 after acquiring an additional 90 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Lincoln Electric by 4.0% in the fourth quarter. HighTower Advisors LLC now owns 3,371 shares of the industrial products company’s stock worth $471,000 after acquiring an additional 129 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Lincoln Electric by 3.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,753 shares of the industrial products company’s stock worth $661,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 74.17% of the company’s stock.

Lincoln Electric Stock Down 0.3 %

Shares of NASDAQ:LECO opened at $143.62 on Wednesday. Lincoln Electric Holdings, Inc. has a 52 week low of $118.17 and a 52 week high of $148.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.91 and a current ratio of 1.62. The company’s fifty day moving average is $131.83 and its 200-day moving average is $131.78. The company has a market capitalization of $8.32 billion, a PE ratio of 23.58, a P/E/G ratio of 1.20 and a beta of 1.16.

Lincoln Electric (NASDAQ:LECOGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. Lincoln Electric had a net margin of 10.15% and a return on equity of 50.64%. The company had revenue of $969.59 million for the quarter, compared to the consensus estimate of $936.62 million. During the same quarter in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts predict that Lincoln Electric Holdings, Inc. will post 8.2 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Thursday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.56%. Lincoln Electric’s dividend payout ratio is presently 36.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Lincoln Electric from $134.00 to $122.00 in a research note on Monday, July 18th. Robert W. Baird lifted their price target on shares of Lincoln Electric from $143.00 to $150.00 in a research note on Thursday, July 28th. Seaport Res Ptn reiterated a “neutral” rating on shares of Lincoln Electric in a research note on Monday, August 1st. StockNews.com upgraded shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 1st. Finally, Morgan Stanley lifted their price target on shares of Lincoln Electric from $126.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, August 1st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.60.

About Lincoln Electric

(Get Rating)

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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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