Wealth Enhancement Advisory Services LLC Acquires 135 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Wealth Enhancement Advisory Services LLC raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,961 shares of the industrial products company’s stock after acquiring an additional 135 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Lincoln Electric were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted 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 boosted its position in Lincoln Electric by 41.5% in 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. boosted its position in Lincoln Electric by 308.5% in the third 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 in the last quarter. HM Payson & Co. bought a new stake in shares of Lincoln Electric during the third quarter worth $65,000. Finally, Covestor Ltd increased its holdings in shares of Lincoln Electric by 60.2% during the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock worth $81,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lincoln Electric Trading Up 1.1 %

NASDAQ LECO opened at $194.14 on Friday. The firm has a market capitalization of $10.96 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The business’s 50-day moving average price is $200.89 and its two-hundred day moving average price is $195.85. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. 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 announced its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. During the same period in the prior year, the business posted $2.40 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 8.74 EPS 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.