Vest Financial LLC Has $2.41 Million Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Vest Financial LLC increased its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,832 shares of the industrial products company's stock after acquiring an additional 4,675 shares during the period. Vest Financial LLC's holdings in Lincoln Electric were worth $2,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LECO. Victory Capital Management Inc. grew 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 worth $210,831,000 after purchasing an additional 494,464 shares during the last quarter. State Street Corp boosted its holdings 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 in the last quarter. International Assets Investment Management LLC grew its position in 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 worth $49,592,000 after buying an additional 256,872 shares during the last quarter. Absher Wealth Management LLC bought a new position in shares of Lincoln Electric in the third quarter valued at $24,604,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Lincoln Electric during the 3rd quarter valued at $23,233,000. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Stock Up 0.9 %

Shares of LECO stock traded up $1.75 on Monday, reaching $193.00. 256,115 shares of the company's stock traded hands, compared to its average volume of 251,316. The company has a market capitalization of $10.89 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The business's 50 day moving average price is $195.17 and its two-hundred day moving average price is $195.82.

Analyst Upgrades and Downgrades

LECO has been the topic of a number of recent analyst reports. KeyCorp boosted their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. StockNews.com raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Lincoln Electric presently has an average rating of "Moderate Buy" and a consensus price target of $229.50.

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.