Janus Henderson Group PLC Sells 80,299 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Janus Henderson Group PLC trimmed its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 20.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,946 shares of the industrial products company’s stock after selling 80,299 shares during the period. Janus Henderson Group PLC’s holdings in Lincoln Electric were worth $78,914,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of Lincoln Electric by 2.2% in the fourth quarter. Raymond James & Associates now owns 121,698 shares of the industrial products company’s stock worth $26,464,000 after acquiring an additional 2,664 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Lincoln Electric by 7.4% in the 4th quarter. Ritholtz Wealth Management now owns 1,501 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 104 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of Lincoln Electric by 3.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 18,437 shares of the industrial products company’s stock worth $4,009,000 after buying an additional 544 shares during the period. Trust Point Inc. acquired a new position in Lincoln Electric in the fourth quarter valued at $583,000. Finally, Private Trust Co. NA boosted its position in Lincoln Electric by 10.5% during the fourth quarter. Private Trust Co. NA now owns 2,661 shares of the industrial products company’s stock valued at $579,000 after acquiring an additional 252 shares during the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Stock Down 2.5 %

Shares of LECO traded down $5.32 during trading hours on Wednesday, reaching $206.16. The stock had a trading volume of 222,421 shares, compared to its average volume of 335,823. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.54 and a beta of 1.15. The firm has a 50-day simple moving average of $194.48 and a 200 day simple moving average of $222.79. The company has a current ratio of 2.24, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 12 month low of $164.00 and a 12 month high of $261.13.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s dividend payout ratio is currently 30.15%.

Analyst Ratings Changes

Several research analysts have recently weighed in on LECO shares. Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Stifel Nicolaus lifted their target price on Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. KeyCorp cut their price target on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Robert W. Baird dropped their target price on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Finally, Loop Capital reduced their price target on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $221.71.

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.