Hennion & Walsh Asset Management Inc. Trims Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,873 shares of the industrial products company’s stock after selling 524 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lincoln Electric were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. lifted its position in Lincoln Electric by 48.0% during the second quarter. EdgePoint Investment Group Inc. now owns 2,747,083 shares of the industrial products company’s stock worth $518,210,000 after buying an additional 891,111 shares in the last quarter. State Street Corp raised its position in Lincoln Electric by 12.9% in the third quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock valued at $474,527,000 after purchasing an additional 280,466 shares during the period. Geode Capital Management LLC raised its position in Lincoln Electric by 5.4% in the third quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company’s stock valued at $231,345,000 after purchasing an additional 61,640 shares during the period. Victory Capital Management Inc. raised its position in Lincoln Electric by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after purchasing an additional 494,464 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Lincoln Electric by 7.8% in the second quarter. Dimensional Fund Advisors LP now owns 525,647 shares of the industrial products company’s stock valued at $99,155,000 after purchasing an additional 38,206 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

LECO has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, KeyCorp lifted their target price on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $230.75.

View Our Latest Report on LECO

Lincoln Electric Price Performance

LECO stock opened at $194.32 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $10.97 billion, a PE ratio of 23.19, a P/E/G ratio of 1.29 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. The business’s fifty day moving average price is $200.03 and its 200 day moving average price is $196.12.

Lincoln Electric (NASDAQ:LECOGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.09. The firm had revenue of $983.76 million for the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 EPS. On average, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.74 EPS for the current year.

Lincoln Electric Company 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, 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.

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

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