LS Investment Advisors LLC lowered its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,907 shares of the industrial products company’s stock after selling 1,013 shares during the period. LS Investment Advisors LLC’s holdings in Lincoln Electric were worth $358,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Elefante Mark B bought a new position in shares of Lincoln Electric during the fourth quarter valued at $211,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Lincoln Electric during the second quarter valued at $219,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Lincoln Electric during the third quarter valued at $219,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Lincoln Electric by 311.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 1,870 shares during the period. Finally, Tradition Capital Management LLC bought a new position in shares of Lincoln Electric during the fourth quarter valued at $232,000. 65.45% of the stock is owned by institutional investors.
Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $91.24 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings, Inc. has a twelve month low of $81.85 and a twelve month high of $101.34. The stock has a market capitalization of $5,999.55, a PE ratio of 24.07, a P/E/G ratio of 1.68 and a beta of 1.04.
LECO has been the subject of a number of analyst reports. Zacks Investment Research raised Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Monday, January 8th. Barclays lifted their price objective on Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Oppenheimer reissued a “hold” rating on shares of Lincoln Electric in a report on Tuesday, December 12th. Stifel Nicolaus cut their price objective on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday, October 30th. Finally, BidaskClub cut Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lincoln Electric presently has a consensus rating of “Buy” and a consensus price target of $105.20.
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Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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