Keybank National Association OH Decreases Stake in Lincoln Electric Holdings, Inc. $LECO

Keybank National Association OH lessened its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 602,296 shares of the industrial products company’s stock after selling 57,795 shares during the period. Keybank National Association OH owned approximately 1.09% of Lincoln Electric worth $142,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LECO. Oak Thistle LLC purchased a new stake in Lincoln Electric during the third quarter valued at about $1,020,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Lincoln Electric by 216.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,945 shares of the industrial products company’s stock valued at $11,184,000 after purchasing an additional 36,878 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Lincoln Electric by 18.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,628 shares of the industrial products company’s stock worth $8,166,000 after purchasing an additional 5,512 shares during the period. Congress Asset Management Co. increased its position in Lincoln Electric by 13.0% during the 3rd quarter. Congress Asset Management Co. now owns 86,305 shares of the industrial products company’s stock worth $20,353,000 after purchasing an additional 9,897 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Lincoln Electric by 10.3% in the second quarter. Cerity Partners LLC now owns 106,746 shares of the industrial products company’s stock valued at $22,131,000 after buying an additional 9,974 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LECO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a research note on Thursday, January 22nd. Zacks Research downgraded Lincoln Electric from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley cut their price objective on Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Wall Street Zen downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus raised their target price on Lincoln Electric from $252.00 to $253.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and an average target price of $253.00.

Lincoln Electric Stock Down 0.9%

Shares of Lincoln Electric stock opened at $265.35 on Friday. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $268.13. The company has a market capitalization of $14.60 billion, a PE ratio of 28.41, a P/E/G ratio of 1.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. The business has a 50-day moving average of $248.05 and a 200-day moving average of $239.74.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.39 by $0.08. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.