YANKCOM Partnership Buys New Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

YANKCOM Partnership bought a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 493 shares of the industrial products company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Lincoln Electric by 97.9% during 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 during the period. Blue Trust Inc. raised its stake in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 253 shares during the period. HM Payson & Co. bought a new stake in Lincoln Electric during the 3rd quarter valued at approximately $65,000. Covestor Ltd raised its stake in Lincoln Electric by 60.2% during the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares during the period. Finally, Quarry LP raised its stake in Lincoln Electric by 84.3% during the 3rd quarter. Quarry LP now owns 553 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 253 shares during the period. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LECO shares. KeyCorp lifted their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average target price of $229.50.

Lincoln Electric Price Performance

Shares of Lincoln Electric stock opened at $193.24 on Friday. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.44 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. The stock has a 50 day moving average price of $196.20 and a 200-day moving average price of $196.10. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13.

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.