Regents Gate Capital LLP Takes $3.02 Million Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Regents Gate Capital LLP bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,128 shares of the industrial products company's stock, valued at approximately $3,024,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Lincoln Electric by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company's stock worth $316,000 after buying an additional 48 shares during the last quarter. CIBC Asset Management Inc boosted its position in Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Bancorp grew its stake 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 in the last quarter. Ritholtz Wealth Management increased its position in shares of 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 purchasing an additional 60 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Lincoln Electric by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company's stock worth $1,813,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 79.61% of the company's stock.

Lincoln Electric Stock Performance

Lincoln Electric stock traded up $1.75 during trading hours on Monday, hitting $193.00. The company had a trading volume of 256,115 shares, compared to its average volume of 251,316. 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 PE ratio of 23.03, a PEG ratio of 1.40 and a beta of 1.18. The firm has a 50-day moving average of $195.17 and a 200 day moving average of $195.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LECO shares. StockNews.com upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. KeyCorp boosted their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus cut their target price 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $229.50.

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.