Birch Hill Investment Advisors LLC Buys 2,465 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Birch Hill Investment Advisors LLC raised its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,578 shares of the industrial products company’s stock after acquiring an additional 2,465 shares during the quarter. Lincoln Electric makes up 1.7% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Birch Hill Investment Advisors LLC owned about 0.34% of Lincoln Electric worth $36,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 253 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Lincoln Electric in the 3rd quarter worth approximately $65,000. Covestor Ltd grew its position in Lincoln Electric by 60.2% during the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 159 shares during the last quarter. Finally, YANKCOM Partnership bought a new position in Lincoln Electric in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Ratings Changes

LECO has been the topic of several research analyst reports. Stifel Nicolaus decreased their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a report on Friday, January 24th. KeyCorp increased their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Stock Performance

Lincoln Electric stock opened at $191.25 on Friday. The company has a market cap of $10.79 billion, a PE ratio of 22.82, a PEG ratio of 1.40 and a beta of 1.18. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13. The company’s 50-day moving average is $195.66 and its two-hundred day moving average is $195.93.

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.