Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is Absher Wealth Management LLC's 9th Largest Position

Absher Wealth Management LLC boosted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,026 shares of the industrial products company's stock after purchasing an additional 30,896 shares during the period. Lincoln Electric comprises approximately 3.9% of Absher Wealth Management LLC's investment portfolio, making the stock its 9th biggest position. Absher Wealth Management LLC owned approximately 0.28% of Lincoln Electric worth $29,813,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its stake in Lincoln Electric by 12.9% during the third 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. Geode Capital Management LLC raised its position in shares of Lincoln Electric by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company's stock worth $231,345,000 after acquiring an additional 61,640 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Lincoln Electric by 81.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company's stock valued at $210,831,000 after purchasing an additional 494,464 shares during the period. Boston Trust Walden Corp boosted its position in shares of Lincoln Electric by 2.1% during the 4th quarter. Boston Trust Walden Corp now owns 328,743 shares of the industrial products company's stock valued at $61,629,000 after purchasing an additional 6,912 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Lincoln Electric by 18,413.8% during the third quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company's stock worth $49,592,000 after purchasing an additional 256,872 shares during the period. 79.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LECO shares. KeyCorp boosted their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. StockNews.com raised shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a "hold" rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $229.50.

Lincoln Electric Stock Down 1.0 %

NASDAQ LECO traded down $1.99 during mid-day trading on Friday, hitting $191.25. The company's stock had a trading volume of 198,246 shares, compared to its average volume of 240,737. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.40 and a beta of 1.18. The company's 50 day simple moving average is $195.66 and its 200 day simple moving average is $195.93. 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 twelve month low of $169.51 and a twelve month high of $261.13.

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.