Swiss National Bank Has $23 Million Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Swiss National Bank increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,500 shares of the industrial products company’s stock after buying an additional 1,100 shares during the period. Swiss National Bank owned 0.22% of Lincoln Electric worth $22,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Lincoln Electric by 28.1% in the second quarter. Fifth Third Bancorp now owns 237 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 52 shares during the last quarter. Huntington National Bank increased its holdings in shares of Lincoln Electric by 1.4% in the second quarter. Huntington National Bank now owns 4,007 shares of the industrial products company’s stock valued at $796,000 after purchasing an additional 57 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Lincoln Electric by 1.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,700 shares of the industrial products company’s stock valued at $854,000 after purchasing an additional 58 shares during the last quarter. State of Wyoming grew its stake in shares of Lincoln Electric by 14.7% in the fourth quarter. State of Wyoming now owns 492 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Lincoln Electric by 2.9% in the third quarter. Private Trust Co. NA now owns 2,409 shares of the industrial products company’s stock valued at $438,000 after acquiring an additional 67 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on LECO shares. Jefferies Financial Group upped their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Seaport Res Ptn upgraded shares of Lincoln Electric from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Morgan Stanley started coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They issued an “underweight” rating and a $178.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Lincoln Electric from $192.00 to $208.00 and gave the company a “hold” rating in a research note on Tuesday, December 19th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Lincoln Electric presently has a consensus rating of “Hold” and an average target price of $195.75.

View Our Latest Report on Lincoln Electric

Insider Transactions at Lincoln Electric

In other news, CEO Christopher L. Mapes sold 68,610 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $207.09, for a total value of $14,208,444.90. Following the completion of the transaction, the chief executive officer now owns 114,620 shares of the company’s stock, valued at $23,736,655.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Steven B. Hedlund sold 12,880 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $203.59, for a total value of $2,622,239.20. Following the completion of the transaction, the chief operating officer now owns 40,122 shares of the company’s stock, valued at $8,168,437.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher L. Mapes sold 68,610 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $207.09, for a total transaction of $14,208,444.90. Following the completion of the transaction, the chief executive officer now owns 114,620 shares of the company’s stock, valued at approximately $23,736,655.80. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Lincoln Electric Trading Up 0.7 %

LECO opened at $231.62 on Friday. Lincoln Electric Holdings, Inc. has a twelve month low of $152.36 and a twelve month high of $232.64. The company has a 50-day simple moving average of $216.46 and a 200 day simple moving average of $196.82. The company has a quick ratio of 1.31, a current ratio of 2.07 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.63 and a beta of 1.17.

Lincoln Electric Profile

(Free Report)

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, as well as consumables used in the brazing and soldering alloys market.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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