Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,318 shares of the industrial products company’s stock after buying an additional 3,122 shares during the period. Atria Wealth Solutions Inc.’s holdings in Lincoln Electric were worth $1,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Bancorp raised its stake in Lincoln Electric by 28.1% in the 2nd 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 raised its stake in Lincoln Electric by 1.4% in the 2nd 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. raised its stake in Lincoln Electric by 1.2% in the 3rd 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 raised its stake in Lincoln Electric by 14.7% in the 4th quarter. State of Wyoming now owns 492 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Lincoln Electric by 2.9% in the 3rd quarter. Private Trust Co. NA now owns 2,409 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 67 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LECO has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They set an “underweight” rating and a $178.00 price objective for the company. Seaport Res Ptn raised shares of Lincoln Electric from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Stifel Nicolaus upped their price objective 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. Jefferies Financial Group upped their price objective 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. Finally, StockNews.com raised 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 assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $195.75.

Read Our Latest Stock Report on LECO

Lincoln Electric Stock Up 0.7 %

Shares of NASDAQ:LECO opened at $231.62 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 2.07. Lincoln Electric Holdings, Inc. has a 1 year low of $152.36 and a 1 year high of $232.64. The stock has a market capitalization of $13.25 billion, a P/E ratio of 27.12, a PEG ratio of 1.64 and a beta of 1.17. The stock has a 50-day simple moving average of $216.46 and a 200-day simple moving average of $196.71.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, COO Steven B. Hedlund sold 12,880 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was 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 in the company, valued at approximately $8,168,437.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lincoln Electric news, COO Steven B. Hedlund sold 12,880 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was 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 in the company, valued at approximately $8,168,437.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher L. Mapes sold 68,610 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was 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 approximately $23,736,655.80. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

About Lincoln Electric

(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.

Further Reading

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

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