Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock Holdings Lifted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,608 shares of the industrial products company’s stock after acquiring an additional 94 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lincoln Electric were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after buying an additional 253 shares during the period. HM Payson & Co. bought a new stake in Lincoln Electric during the third quarter worth approximately $65,000. UMB Bank n.a. grew its position in Lincoln Electric by 37.5% in the fourth quarter. UMB Bank n.a. now owns 389 shares of the industrial products company’s stock worth $73,000 after buying an additional 106 shares during the last quarter. Covestor Ltd increased its holdings in shares of 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 buying an additional 159 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Lincoln Electric by 84.3% during the 3rd quarter. Quarry LP now owns 553 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 253 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LECO shares. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus dropped their price target on 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, KeyCorp raised 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $229.50.

Lincoln Electric Price Performance

Shares of LECO opened at $213.81 on Friday. The firm has a market cap of $12.06 billion, a PE ratio of 25.51, a PEG ratio of 1.40 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The firm’s 50 day moving average price is $194.36 and its 200 day moving average price is $195.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. As a group, research analysts expect that Lincoln Electric Holdings, Inc. will post 8.72 EPS for the current fiscal 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.