Allworth Financial LP Acquires 2,532 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Allworth Financial LP grew its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 105.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,928 shares of the industrial products company’s stock after purchasing an additional 2,532 shares during the period. Allworth Financial LP’s holdings in Lincoln Electric were worth $979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Elios Financial Group Inc. purchased a new position in Lincoln Electric in the 3rd quarter worth about $999,000. Vestcor Inc raised its holdings in shares of Lincoln Electric by 85.5% during the third quarter. Vestcor Inc now owns 8,180 shares of the industrial products company’s stock valued at $1,571,000 after purchasing an additional 3,771 shares during the last quarter. Blue Trust Inc. lifted its position in Lincoln Electric by 28.7% during the fourth quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 96 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Lincoln Electric by 3.5% in the third quarter. Westfield Capital Management Co. LP now owns 237,935 shares of the industrial products company’s stock worth $45,688,000 after purchasing an additional 7,962 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in Lincoln Electric in the 3rd quarter worth approximately $499,000. 79.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Stifel Nicolaus cut their target price 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. KeyCorp increased their price target on shares of Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays boosted their price objective on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.60.

Lincoln Electric Price Performance

NASDAQ LECO opened at $215.90 on Thursday. The company’s 50 day moving average is $194.84 and its two-hundred day moving average is $196.07. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.55 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13.

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. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $995.94 million. As a group, research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.2 earnings per share 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.