Greenleaf Trust Purchases 81 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Greenleaf Trust boosted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,447 shares of the industrial products company’s stock after acquiring an additional 81 shares during the quarter. Greenleaf Trust’s holdings in Lincoln Electric were worth $459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LECO. UMB Bank n.a. increased its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. increased its position in Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after buying an additional 253 shares during the last quarter. HM Payson & Co. acquired a new position in Lincoln Electric during the third quarter worth approximately $65,000. Covestor Ltd increased its position in Lincoln Electric by 60.2% during the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock worth $81,000 after buying an additional 159 shares during the last quarter. Finally, Quarry LP boosted its position in Lincoln Electric by 84.3% during the third quarter. Quarry LP now owns 553 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 253 shares during the period. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Trading Up 0.5 %

LECO opened at $193.38 on Wednesday. The company has a 50-day simple moving average of $197.16 and a 200 day simple moving average of $196.15. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.85 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LECO shares. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. KeyCorp lifted their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.