V Square Quantitative Management LLC Grows Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

V Square Quantitative Management LLC increased its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 54.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299 shares of the industrial products company’s stock after buying an additional 105 shares during the period. V Square Quantitative Management LLC’s holdings in Lincoln Electric were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of 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 valued at $474,527,000 after purchasing an additional 280,466 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lincoln Electric by 5.4% in 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 acquiring an additional 61,640 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Lincoln Electric by 81.9% in the third 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 in the last quarter. Boston Trust Walden Corp increased its position in shares of Lincoln Electric by 2.1% in the fourth quarter. Boston Trust Walden Corp now owns 328,743 shares of the industrial products company’s stock worth $61,629,000 after acquiring an additional 6,912 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Lincoln Electric by 121.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 268,229 shares of the industrial products company’s stock worth $50,284,000 after acquiring an additional 147,239 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

LECO has been the subject of a number of recent analyst reports. KeyCorp raised their price target on shares of Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus reduced 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. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have given 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 $233.25.

Lincoln Electric Stock Up 0.0 %

LECO stock opened at $213.82 on Tuesday. 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 fifty-two week low of $169.51 and a fifty-two week high of $261.13. The firm’s 50-day simple moving average is $194.55 and its 200 day simple moving average is $195.79. The stock has a market cap of $12.07 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $995.94 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. As a group, sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 8.72 EPS for the current 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.