CNB Bank Has $345,000 Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

CNB Bank cut its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,842 shares of the industrial products company’s stock after selling 53 shares during the quarter. CNB Bank’s holdings in Lincoln Electric were worth $345,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. boosted its stake in Lincoln Electric by 48.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,747,083 shares of the industrial products company’s stock valued at $518,210,000 after purchasing an additional 891,111 shares during the period. Victory Capital Management Inc. raised its holdings in Lincoln Electric by 81.9% in 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 acquiring an additional 494,464 shares in the last quarter. State Street Corp lifted its position in shares of Lincoln Electric by 12.9% during the 3rd 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 period. International Assets Investment Management LLC grew its holdings in shares of Lincoln Electric by 18,413.8% during 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, Absher Wealth Management LLC bought a new position in shares of Lincoln Electric in the third quarter worth $24,604,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lincoln Electric Stock Up 0.3 %

NASDAQ:LECO opened at $194.66 on Friday. The firm’s 50 day simple moving average is $200.89 and its 200 day simple moving average is $195.85. The company has a market cap of $10.98 billion, a PE ratio of 23.23, a P/E/G ratio of 1.29 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The firm had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. During the same quarter last year, the firm posted $2.40 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share for the current year.

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.