Mcdonald Partners LLC Buys 100 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Mcdonald Partners LLC lifted its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,065 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Mcdonald Partners LLC’s holdings in Lincoln Electric were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. boosted its stake in shares of Lincoln Electric by 2.8% in the fourth quarter. D.A. Davidson & CO. now owns 4,698 shares of the industrial products company’s stock valued at $881,000 after buying an additional 130 shares during the period. Truist Financial Corp lifted its stake in Lincoln Electric by 1.3% during the fourth quarter. Truist Financial Corp now owns 19,972 shares of the industrial products company’s stock worth $3,744,000 after purchasing an additional 262 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Lincoln Electric by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,732 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 86 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Lincoln Electric by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,712 shares of the industrial products company’s stock worth $944,000 after purchasing an additional 218 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Lincoln Electric by 105.7% during the fourth quarter. Allworth Financial LP now owns 4,928 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 2,532 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LECO has been the subject of several recent analyst reports. Stifel Nicolaus cut their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. KeyCorp upped their target price on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays upped their target price on Lincoln Electric from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.60.

Lincoln Electric Stock Up 1.4 %

Shares of LECO opened at $216.81 on Wednesday. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.40 and a beta of 1.18. 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 stock has a fifty day moving average of $194.71 and a 200-day moving average of $195.93.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $995.94 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. As a group, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.72 earnings per share for the current fiscal year.

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.