Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Trust Point Inc.

Trust Point Inc. increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,339 shares of the industrial products company’s stock after purchasing an additional 885 shares during the quarter. Trust Point Inc.’s holdings in Lincoln Electric were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LECO. Victory Capital Management Inc. lifted its stake in shares of Lincoln Electric by 81.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock worth $210,831,000 after acquiring an additional 494,464 shares during the period. State Street Corp lifted 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 worth $474,527,000 after purchasing an additional 280,466 shares during the period. International Assets Investment Management LLC boosted its stake in Lincoln Electric by 18,413.8% during the 3rd quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock valued at $49,592,000 after purchasing an additional 256,872 shares in the last quarter. Absher Wealth Management LLC acquired a new position in shares of Lincoln Electric during the 3rd quarter valued at $24,604,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Lincoln Electric in the 3rd quarter worth $23,233,000. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 0.5 %

Shares of LECO opened at $193.38 on Wednesday. The business’s 50-day moving average price is $197.16 and its 200 day moving average price is $196.15. 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 stock has a market capitalization of $10.91 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LECO shares. Stifel Nicolaus decreased their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. KeyCorp lifted their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Two 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, the company currently has an average rating of “Moderate Buy” and an average target price of $229.50.

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.