Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 74,455 shares of the industrial products company’s stock after selling 145 shares during the quarter. State of Alaska Department of Revenue’s holdings in Lincoln Electric were worth $13,957,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Elios Financial Group Inc. acquired a new stake in Lincoln Electric in the 3rd quarter valued at $999,000. Vestcor Inc grew its stake in shares of Lincoln Electric by 85.5% in the third quarter. Vestcor Inc now owns 8,180 shares of the industrial products company’s stock valued at $1,571,000 after buying an additional 3,771 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Lincoln Electric by 3.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 237,935 shares of the industrial products company’s stock valued at $45,688,000 after buying an additional 7,962 shares during the period. World Investment Advisors LLC acquired a new position in Lincoln Electric during the 3rd quarter worth approximately $499,000. Finally, Aptus Capital Advisors LLC boosted its holdings in Lincoln Electric by 15.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 19,879 shares of the industrial products company’s stock worth $3,817,000 after acquiring an additional 2,642 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. KeyCorp lifted their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Price Performance

Shares of LECO stock opened at $192.11 on Thursday. The firm has a fifty day moving average of $196.67 and a two-hundred day moving average of $196.12. The firm has a market cap of $10.84 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.44 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. 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 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.