WCM Investment Management LLC Acquires 907 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

WCM Investment Management LLC grew its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 84.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,975 shares of the industrial products company’s stock after acquiring an additional 907 shares during the quarter. WCM Investment Management LLC’s holdings in Lincoln Electric were worth $372,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in 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 worth $316,000 after purchasing an additional 48 shares in the last quarter. CIBC Asset Management Inc grew its stake 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 worth $316,000 after acquiring an additional 51 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Lincoln Electric by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 54 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 60 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in 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 acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Up 0.9 %

Shares of LECO opened at $193.00 on Tuesday. 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 business has a fifty day moving average of $195.17 and a 200 day moving average of $195.82. The company has a market cap of $10.89 billion, a PE ratio of 23.03, a P/E/G ratio of 1.40 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13.

Analysts Set New Price Targets

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

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.