UMB Bank n.a. Purchases 106 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

UMB Bank n.a. increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 389 shares of the industrial products company’s stock after buying an additional 106 shares during the quarter. UMB Bank n.a.’s holdings in Lincoln Electric were worth $73,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Lincoln Electric by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock worth $210,831,000 after purchasing an additional 494,464 shares in the last quarter. State Street Corp boosted its stake in shares of Lincoln Electric by 12.9% during the 3rd quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock worth $474,527,000 after buying an additional 280,466 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Lincoln Electric by 18,413.8% in the third quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock valued at $49,592,000 after acquiring an additional 256,872 shares during the last quarter. Absher Wealth Management LLC bought a new stake in Lincoln Electric during the third quarter worth about $24,604,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Lincoln Electric during the third quarter valued at approximately $23,233,000. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LECO shares. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note 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 note on Friday. Finally, KeyCorp boosted their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $197.27 on Friday. The firm has a 50 day simple moving average of $199.13 and a 200 day simple moving average of $196.33. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 1.42 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one 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 (NASDAQ:LECO) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (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 company had revenue of $983.76 million during the quarter, compared to the consensus estimate of $988.07 million. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Research analysts predict that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share 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.