Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Increased by Trust Point Inc.

Trust Point Inc. increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 36.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,339 shares of the industrial products company’s stock after purchasing an additional 885 shares during the quarter. Trust Point Inc.’s holdings in Lincoln Electric were worth $626,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Lincoln Electric by 106.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,545 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 797 shares during the period. Sanctuary Advisors LLC acquired a new position in Lincoln Electric in the 2nd quarter valued at approximately $1,089,000. GAMMA Investing LLC increased its stake in Lincoln Electric by 9.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,164 shares of the industrial products company’s stock valued at $224,000 after buying an additional 105 shares during the period. Fulton Bank N.A. lifted its position in Lincoln Electric by 2.7% in the 3rd quarter. Fulton Bank N.A. now owns 6,841 shares of the industrial products company’s stock worth $1,314,000 after buying an additional 180 shares in the last quarter. Finally, FCF Advisors LLC boosted its stake in shares of Lincoln Electric by 76.2% during the 3rd quarter. FCF Advisors LLC now owns 5,992 shares of the industrial products company’s stock valued at $1,151,000 after buying an additional 2,592 shares during the period. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Price Performance

NASDAQ LECO opened at $193.38 on Wednesday. The firm has a market cap of $10.91 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The stock’s 50-day moving average is $197.16 and its two-hundred day moving average is $196.15. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week 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.

Analysts Set New Price Targets

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

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.