Pacer Advisors Inc. Has $1.58 Million Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Pacer Advisors Inc. decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,434 shares of the industrial products company's stock after selling 4,756 shares during the quarter. Pacer Advisors Inc.'s holdings in Lincoln Electric were worth $1,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LECO. Mackenzie Financial Corp purchased a new stake in Lincoln Electric in the 2nd quarter valued at about $511,000. Creative Planning raised its stake in Lincoln Electric by 1.3% in the second quarter. Creative Planning now owns 12,781 shares of the industrial products company's stock valued at $2,411,000 after buying an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Lincoln Electric by 106.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,545 shares of the industrial products company's stock valued at $291,000 after purchasing an additional 797 shares in the last quarter. Quarry LP increased its holdings in shares of Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 88 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Lincoln Electric by 4.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,231 shares of the industrial products company's stock valued at $801,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 79.61% of the company's stock.

Lincoln Electric Trading Down 0.7 %

LECO stock traded down $1.27 during midday trading on Wednesday, hitting $192.11. The stock had a trading volume of 228,365 shares, compared to its average volume of 254,098. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. The company's 50-day moving average price is $196.67 and its 200 day moving average price is $196.12. The firm has a market cap of $10.84 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20.

Analyst Ratings Changes

LECO has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a "hold" rating on the stock in a report on Friday, January 24th. StockNews.com raised shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Finally, KeyCorp increased their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Electric currently has an average rating of "Moderate Buy" and an average target price of $229.50.

About Lincoln Electric

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.