Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Bought by Albert D Mason Inc.

Albert D Mason Inc. boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,390 shares of the industrial products company’s stock after acquiring an additional 191 shares during the quarter. Albert D Mason Inc.’s holdings in Lincoln Electric were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares in the last quarter. Quarry LP lifted its position in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. grew its stake in Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the period. HM Payson & Co. acquired a new stake in shares of Lincoln Electric in the third quarter worth $65,000. Finally, Covestor Ltd raised its stake in shares of Lincoln Electric by 60.2% in the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on LECO shares. KeyCorp upped their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus raised their target price on Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.75.

Lincoln Electric Stock Up 0.1 %

Shares of Lincoln Electric stock opened at $194.32 on Friday. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13. The company 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. 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 has a 50-day moving average of $200.51 and a 200-day moving average of $195.91.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million during 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%. Lincoln Electric’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 EPS. As a group, equities analysts forecast that Lincoln Electric Holdings, Inc. will post 8.74 EPS 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.