Lakeridge Wealth Management LLC Has $361,000 Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Lakeridge Wealth Management LLC lessened its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,927 shares of the industrial products company’s stock after selling 73 shares during the quarter. Lakeridge Wealth Management LLC’s holdings in Lincoln Electric were worth $361,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LECO. Avior Wealth Management LLC increased its position in shares of Lincoln Electric by 3.0% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock worth $316,000 after buying an additional 48 shares during the period. CIBC Asset Management Inc grew its holdings in Lincoln Electric by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 51 shares during the period. Fifth Third Bancorp raised its position in shares of Lincoln Electric by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 54 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Lincoln Electric by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 70 shares during the period. Finally, Greenleaf Trust boosted its position in shares of Lincoln Electric by 3.1% during the 3rd quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, KeyCorp increased their target price on shares of Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Lincoln Electric Trading Up 0.0 %

Shares of Lincoln Electric stock opened at $213.82 on Friday. 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 Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The stock has a 50 day moving average price of $194.44 and a two-hundred day moving average price of $195.75. The stock has a market capitalization of $12.07 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $995.94 million. As a group, equities analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.72 earnings per share for the current fiscal year.

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.