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

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 140 shares in the last quarter. Quarry LP grew its holdings in Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. grew its holdings in Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 253 shares during the period. HM Payson & Co. acquired a new stake in Lincoln Electric in the third quarter valued at approximately $65,000. Finally, Covestor Ltd grew its holdings in Lincoln Electric by 60.2% in the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO opened at $194.32 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. The business’s 50 day moving average price is $200.03 and its 200-day moving average price is $196.12. The firm 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 1 year low of $169.51 and a 1 year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.40 earnings per share. As a group, equities research analysts expect that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share for the current fiscal year.

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.