Janney Montgomery Scott LLC Acquires 77 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Janney Montgomery Scott LLC grew its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,722 shares of the industrial products company’s stock after purchasing an additional 77 shares during the period. Janney Montgomery Scott LLC’s holdings in Lincoln Electric were worth $698,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Avior Wealth Management LLC raised its position in shares of Lincoln Electric by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 48 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 51 shares during the period. Ritholtz Wealth Management increased its holdings in Lincoln Electric by 4.8% in the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Lincoln Electric by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 70 shares during the period. Finally, Greenleaf Trust boosted its holdings in Lincoln Electric by 3.1% during the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after buying an additional 71 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

Shares of LECO opened at $191.25 on Friday. The firm’s 50 day moving average price is $195.66 and its two-hundred day moving average price is $196.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The firm has a market cap of $10.79 billion, a P/E ratio of 22.82, a PEG ratio of 1.44 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LECO. Stifel Nicolaus cut their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. KeyCorp increased their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, StockNews.com raised 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 assigned a buy rating to the stock. According to MarketBeat, Lincoln Electric presently has an average rating of “Moderate Buy” and an average 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.