Mount Yale Investment Advisors LLC Decreases Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Mount Yale Investment Advisors LLC cut its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,509 shares of the industrial products company’s stock after selling 79 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lincoln Electric were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares in the last quarter. Quarry LP increased its position in shares of Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Lincoln Electric in the 3rd quarter worth about $65,000. Finally, Covestor Ltd grew its stake in Lincoln Electric by 60.2% in the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 159 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Stock Performance

Shares of LECO opened at $196.15 on Wednesday. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13. The company’s 50 day simple moving average is $198.78 and its 200 day simple moving average is $196.48. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.42 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.09. The business had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 earnings per share. On average, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 8.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports 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 report on Friday, January 24th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, KeyCorp boosted their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Company 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.