Absher Wealth Management LLC Acquires 30,896 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Absher Wealth Management LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,026 shares of the industrial products company’s stock after purchasing an additional 30,896 shares during the quarter. Lincoln Electric comprises about 3.9% of Absher Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Absher Wealth Management LLC’s holdings in Lincoln Electric were worth $29,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Lincoln Electric by 106.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,545 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 797 shares during the period. Sanctuary Advisors LLC acquired a new stake in Lincoln Electric in the second quarter worth approximately $1,089,000. GAMMA Investing LLC boosted its stake in Lincoln Electric by 9.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,164 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 105 shares in the last quarter. CWM LLC increased its position in shares of Lincoln Electric by 87.9% during the 3rd quarter. CWM LLC now owns 1,340 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 627 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after buying an additional 140 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

NASDAQ LECO opened at $192.11 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13. The company has a market cap of $10.84 billion, a PE ratio of 22.92, a PEG ratio of 1.44 and a beta of 1.18. The stock’s 50-day moving average price is $196.67 and its two-hundred day moving average price is $196.12.

Analysts Set New Price Targets

LECO has been the subject of several research reports. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. KeyCorp raised their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.