Yousif Capital Management LLC Sells 899 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Yousif Capital Management LLC cut its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,392 shares of the industrial products company’s stock after selling 899 shares during the period. Yousif Capital Management LLC’s holdings in Lincoln Electric were worth $3,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Trust Point Inc. increased its stake in shares of Lincoln Electric by 36.1% in the fourth quarter. Trust Point Inc. now owns 3,339 shares of the industrial products company’s stock valued at $626,000 after buying an additional 885 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Lincoln Electric by 6.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,154 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 203 shares during the last quarter. Boston Trust Walden Corp increased its position in Lincoln Electric by 2.1% in the 4th quarter. Boston Trust Walden Corp now owns 328,743 shares of the industrial products company’s stock valued at $61,629,000 after acquiring an additional 6,912 shares in the last quarter. Greenleaf Trust raised its stake in shares of Lincoln Electric by 3.4% in the fourth quarter. Greenleaf Trust now owns 2,447 shares of the industrial products company’s stock worth $459,000 after acquiring an additional 81 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Lincoln Electric by 1.5% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,058 shares of the industrial products company’s stock worth $2,823,000 after purchasing an additional 228 shares in the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $191.25 on Friday. The firm has a fifty day moving average of $195.66 and a two-hundred day moving average of $196.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13.

Analyst Upgrades and Downgrades

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