Lincoln Electric Holdings (LECO) : Advisory Services Network scooped up 25 additional shares in Lincoln Electric Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 5,805 shares of Lincoln Electric Holdings which is valued at $366,644.Lincoln Electric Holdings makes up approximately 0.07% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in LECO during the most recent quarter. The investment firm sold 251 shares of LECO which is valued $15,853.Bnp Paribas Arbitrage Sa reduced its stake in LECO by selling 17,515 shares or 70.58% in the most recent quarter. The Hedge Fund company now holds 7,302 shares of LECO which is valued at $460,610.Ct Mason reduced its stake in LECO by selling 13,132 shares or 52.94% in the most recent quarter. The Hedge Fund company now holds 11,672 shares of LECO which is valued at $736,270. Lincoln Electric Holdings makes up approx 0.33% of Ct Mason’s portfolio. Washington Trust Bank added LECO to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $820.
Lincoln Electric Holdings closed down -0.77 points or -1.20% at $63.16 with 2,30,928 shares getting traded on Friday. Post opening the session at $63.87, the shares hit an intraday low of $62.92 and an intraday high of $63.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Lincoln Electric Holdings reported $0.83 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $0.83. The company had revenue of $592.40 million for the quarter, compared to analysts expectations of $591.56 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.
Many Wall Street Analysts have commented on Lincoln Electric Holdings. Deutsche Bank Initiated Lincoln Electric Holdings on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $70.Lincoln Electric Holdings was Downgraded by Wellington Shields to ” Hold” on Aug 24, 2016. Lincoln Electric Holdings was Upgraded by Wellington Shields to ” Gradually Accumulate” on Aug 3, 2016.
Lincoln Electric Holdings Inc. is a manufacturer of welding cutting and brazing products. Welding products include arc welding power sources wire feeding systems robotic welding packages fume extraction equipment consumable electrodes and fluxes. The Company operates in five segments: North America Welding Europe Welding Asia Pacific Welding South America Welding and The Harris Products Group. The Company’s product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems and regulators and torches used in oxy-fuel welding cutting and brazing. In addition the Company is also engaged in brazing and soldering alloys activities. The Company has through wholly owned subsidiaries or joint ventures manufacturing facilities located in the United States Brazil Canada China Colombia France Germany India Indonesia Italy Mexico the Netherlands Poland Portugal Russia Turkey the United Kingdom and Venezuela.