Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Decreased by Caitlin John LLC

Caitlin John LLC reduced its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,970 shares of the industrial products company’s stock after selling 195 shares during the quarter. Caitlin John LLC’s holdings in Lincoln Electric were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Lincoln Electric during the fourth quarter valued at $92,000. Absher Wealth Management LLC grew its position in Lincoln Electric by 24.1% in the 4th quarter. Absher Wealth Management LLC now owns 159,026 shares of the industrial products company’s stock valued at $29,813,000 after buying an additional 30,896 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Lincoln Electric by 6.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,608 shares of the industrial products company’s stock valued at $302,000 after buying an additional 94 shares during the period. Trust Point Inc. raised its position in shares of Lincoln Electric by 36.1% during the 4th quarter. Trust Point Inc. now owns 3,339 shares of the industrial products company’s stock worth $626,000 after buying an additional 885 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its stake in shares of Lincoln Electric by 6.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,154 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 203 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Down 0.7 %

Shares of NASDAQ:LECO opened at $192.11 on Thursday. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13. The company has a 50 day moving average price of $196.67 and a 200 day moving average price of $196.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Analysts Set New Price Targets

LECO has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus dropped their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.