Blue Trust Inc. Buys 96 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Blue Trust Inc. boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 431 shares of the industrial products company’s stock after purchasing an additional 96 shares during the quarter. Blue Trust Inc.’s holdings in Lincoln Electric were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. State Street Corp lifted its position in Lincoln Electric by 12.9% during 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 acquiring an additional 280,466 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Lincoln Electric by 5.4% during the third quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company’s stock worth $231,345,000 after purchasing an additional 61,640 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Lincoln Electric by 81.9% during the 3rd 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 last quarter. International Assets Investment Management LLC boosted its position in shares of Lincoln Electric by 18,413.8% in the 3rd quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock worth $49,592,000 after purchasing an additional 256,872 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Lincoln Electric by 3.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 237,935 shares of the industrial products company’s stock worth $45,688,000 after buying an additional 7,962 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Trading Down 1.0 %

Shares of NASDAQ:LECO opened at $191.25 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.44 and a beta of 1.18. The business has a 50-day moving average price of $195.66 and a 200-day moving average price of $196.01.

Wall Street Analyst Weigh In

A number of research firms have commented on LECO. Stifel Nicolaus decreased their price target 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 increased their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.50.

Lincoln Electric 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.