Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Vest Financial LLC

Vest Financial LLC grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,832 shares of the industrial products company’s stock after purchasing an additional 4,675 shares during the quarter. Vest Financial LLC’s holdings in Lincoln Electric were worth $2,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LECO. Avior Wealth Management LLC boosted its stake in shares of Lincoln Electric by 3.0% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 48 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Lincoln Electric by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 51 shares during the last quarter. Fifth Third Bancorp lifted its stake in Lincoln Electric by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 54 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Lincoln Electric by 4.8% in the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Lincoln Electric by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Down 1.0 %

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LECO. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Stifel Nicolaus cut their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, KeyCorp boosted their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average target price of $229.50.

Lincoln Electric Company 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.