SG Americas Securities LLC Buys 3,324 Shares of Lincoln Electric Holdings, Inc. $LECO

SG Americas Securities LLC increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 54.2% in the 3rd quarter, Holdings Channel reports. The firm owned 9,457 shares of the industrial products company’s stock after purchasing an additional 3,324 shares during the period. SG Americas Securities LLC’s holdings in Lincoln Electric were worth $2,230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LECO. Oak Thistle LLC acquired a new stake in shares of Lincoln Electric in the third quarter worth $1,020,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Lincoln Electric by 216.1% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,945 shares of the industrial products company’s stock valued at $11,184,000 after acquiring an additional 36,878 shares during the period. Congress Asset Management Co. boosted its holdings in Lincoln Electric by 13.0% during the third quarter. Congress Asset Management Co. now owns 86,305 shares of the industrial products company’s stock valued at $20,353,000 after acquiring an additional 9,897 shares during the period. Cerity Partners LLC increased its stake in shares of Lincoln Electric by 10.3% in the second quarter. Cerity Partners LLC now owns 106,746 shares of the industrial products company’s stock worth $22,131,000 after purchasing an additional 9,974 shares during the period. Finally, Boston Partners acquired a new position in shares of Lincoln Electric during the 2nd quarter worth about $141,550,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Down 0.1%

Shares of LECO stock opened at $251.14 on Wednesday. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $255.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. The stock has a fifty day moving average price of $239.34 and a 200 day moving average price of $236.12. The stock has a market cap of $13.82 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.26.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lincoln Electric had a net margin of 12.56% and a return on equity of 40.33%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.14 EPS. Analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley lowered their target price on Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating on the stock in a report on Monday. Stifel Nicolaus reduced their price objective on Lincoln Electric from $265.00 to $252.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Roth Capital set a $285.00 target price on shares of Lincoln Electric and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lincoln Electric in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.50.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.