Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,872 shares of the industrial products company’s stock after acquiring an additional 943 shares during the quarter. WealthPlan Investment Management LLC owned approximately 0.07% of Lincoln Electric worth $7,850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC increased its holdings in shares of Lincoln Electric by 3.0% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 48 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Lincoln Electric by 3.2% in the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Bancorp increased its stake in Lincoln Electric by 3.2% during the fourth 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 during the last quarter. Ritholtz Wealth Management increased its stake in Lincoln Electric by 4.8% during the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 60 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Lincoln Electric by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LECO. Stifel Nicolaus cut their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. KeyCorp raised their target price on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.25.

Lincoln Electric Trading Up 0.0 %

LECO opened at $213.82 on Friday. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The business has a fifty day simple moving average of $194.44 and a 200-day simple moving average of $195.86. The firm has a market cap of $12.07 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.40 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. On average, equities analysts expect that Lincoln Electric Holdings, Inc. will post 8.72 earnings per share for the current year.

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.