Caitlin John LLC Reduces Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Caitlin John LLC lowered its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,970 shares of the industrial products company’s stock after selling 195 shares during the period. Caitlin John LLC’s holdings in Lincoln Electric were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Lincoln Electric by 81.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after buying an additional 494,464 shares during the last quarter. State Street Corp raised its holdings in Lincoln Electric by 12.9% in the third quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock valued at $474,527,000 after acquiring an additional 280,466 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Lincoln Electric by 18,413.8% during the 3rd quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock valued at $49,592,000 after acquiring an additional 256,872 shares during the last quarter. Absher Wealth Management LLC acquired a new position in Lincoln Electric during the 3rd quarter worth $24,604,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Lincoln Electric in the 3rd quarter worth about $23,233,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LECO. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research 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 increased their target price 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.50.

Lincoln Electric Trading Down 0.7 %

NASDAQ:LECO opened at $192.11 on Thursday. The firm has a market capitalization of $10.84 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.44 and a beta of 1.18. The business has a 50 day simple moving average of $196.67 and a 200 day simple moving average of $196.12. 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 12-month low of $169.51 and a 12-month high of $261.13.

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.