Birch Hill Investment Advisors LLC Acquires 2,465 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Birch Hill Investment Advisors LLC boosted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,578 shares of the industrial products company's stock after purchasing an additional 2,465 shares during the period. Lincoln Electric comprises approximately 1.7% of Birch Hill Investment Advisors LLC's holdings, making the stock its 19th largest position. Birch Hill Investment Advisors LLC owned approximately 0.34% of Lincoln Electric worth $36,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Elios Financial Group Inc. acquired a new position in Lincoln Electric in the third quarter worth approximately $999,000. Vestcor Inc increased its stake in shares of Lincoln Electric by 85.5% during the 3rd quarter. Vestcor Inc now owns 8,180 shares of the industrial products company's stock worth $1,571,000 after purchasing an additional 3,771 shares during 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 purchasing an additional 7,962 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Lincoln Electric in the 3rd quarter valued at $499,000. Finally, Blue Trust Inc. boosted its holdings in Lincoln Electric by 28.7% in the fourth quarter. Blue Trust Inc. now owns 431 shares of the industrial products company's stock worth $83,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their price target on 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 raised 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. Finally, StockNews.com upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $229.50.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded up $1.75 during trading on Monday, reaching $193.00. The company's stock had a trading volume of 256,115 shares, compared to its average volume of 251,316. The business's fifty day moving average price is $195.17 and its 200-day moving average price is $195.82. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. 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 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.