Boston Trust Walden Corp Boosts Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Boston Trust Walden Corp increased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,743 shares of the industrial products company's stock after purchasing an additional 6,912 shares during the quarter. Boston Trust Walden Corp owned approximately 0.58% of Lincoln Electric worth $61,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LECO. Avior Wealth Management LLC boosted its stake in Lincoln Electric by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc boosted its position in Lincoln Electric by 3.2% in the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company's stock valued at $316,000 after buying an additional 51 shares in the last quarter. Fifth Third Bancorp raised its position in Lincoln Electric by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company's stock valued at $326,000 after purchasing an additional 54 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Lincoln Electric by 4.8% during the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company's stock worth $250,000 after acquiring an additional 60 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Lincoln Electric by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company's stock valued at $1,813,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company's stock.

Analysts Set New Price Targets

LECO has been the topic of a number of research reports. StockNews.com upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. 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. Finally, Stifel Nicolaus reduced their price objective 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, January 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $229.50.

Lincoln Electric Stock Up 0.6 %

Shares of NASDAQ LECO traded up $1.13 on Thursday, reaching $193.24. 235,764 shares of the company's stock traded hands, compared to its average volume of 253,332. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13. The business's 50 day simple moving average is $196.20 and its two-hundred day simple moving average is $196.10. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.

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.