Cambiar Investors LLC Sells 9,117 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Cambiar Investors LLC decreased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,536 shares of the industrial products company’s stock after selling 9,117 shares during the period. Cambiar Investors LLC owned about 0.09% of Lincoln Electric worth $9,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Lincoln Electric during the third quarter worth approximately $65,000. Covestor Ltd increased its holdings in shares of Lincoln Electric by 60.2% during the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock worth $81,000 after buying an additional 159 shares in the last quarter. Finally, YANKCOM Partnership acquired a new stake in shares of Lincoln Electric during the fourth quarter worth approximately $92,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $193.00 on Tuesday. The firm has a 50 day simple moving average of $195.17 and a 200 day simple moving average of $195.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The firm has a market cap of $10.89 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.40 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LECO. Stifel Nicolaus dropped their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, KeyCorp raised their price target 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.50.

About Lincoln Electric

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.