Lawson Kroeker Investment Management Inc. NE decreased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 52,942 shares of the industrial products company’s stock after selling 760 shares during the period. Lincoln Electric comprises about 1.9% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 18th largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Lincoln Electric were worth $9,925,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake 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 worth $474,527,000 after acquiring an additional 280,466 shares during the period. Geode Capital Management LLC lifted its stake in Lincoln Electric by 5.4% in the third quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company’s stock worth $231,345,000 after acquiring an additional 61,640 shares during the period. Victory Capital Management Inc. lifted its stake in Lincoln Electric by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock worth $210,831,000 after acquiring an additional 494,464 shares during the period. International Assets Investment Management LLC lifted its stake in Lincoln Electric by 18,413.8% in the third quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock worth $49,592,000 after acquiring an additional 256,872 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Lincoln Electric by 3.5% in the third quarter. Westfield Capital Management Co. LP now owns 237,935 shares of the industrial products company’s stock worth $45,688,000 after acquiring an additional 7,962 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.
Lincoln Electric Price Performance
Shares of NASDAQ:LECO opened at $195.45 on Thursday. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year 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. The business has a fifty day moving average price of $198.63 and a 200-day moving average price of $196.47. The company has a market capitalization of $11.03 billion, a PE ratio of 23.32, a PEG ratio of 1.42 and a beta of 1.18.
Analyst Ratings Changes
A number of research firms have issued reports on LECO. KeyCorp increased their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus decreased 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Lincoln Electric has a consensus rating of “Moderate Buy” and an average target price of $229.50.
Check Out Our Latest Report on LECO
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.
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