Telos Capital Management Inc. Sells 251 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Telos Capital Management Inc. trimmed its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,491 shares of the industrial products company’s stock after selling 251 shares during the quarter. Telos Capital Management Inc.’s holdings in Lincoln Electric were worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elios Financial Group Inc. bought a new stake in shares of Lincoln Electric in the third quarter valued at about $999,000. Vestcor Inc boosted its position in shares of Lincoln Electric by 85.5% in the third quarter. Vestcor Inc now owns 8,180 shares of the industrial products company’s stock valued at $1,571,000 after acquiring an additional 3,771 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of 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 valued at $45,688,000 after acquiring an additional 7,962 shares during the period. World Investment Advisors LLC bought a new stake in shares of Lincoln Electric in the third quarter valued at about $499,000. Finally, Aptus Capital Advisors LLC boosted its position in shares of Lincoln Electric by 15.3% in the third quarter. Aptus Capital Advisors LLC now owns 19,879 shares of the industrial products company’s stock valued at $3,817,000 after acquiring an additional 2,642 shares during the period. 79.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Lincoln Electric Trading Up 0.6 %

LECO opened at $193.24 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The company has a 50-day simple moving average of $196.20 and a 200 day simple moving average of $196.10. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.44 and a beta of 1.18.

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.