Skylands Capital LLC Cuts Stock Position in Lincoln Electric Holdings, Inc. $LECO

Skylands Capital LLC decreased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,180 shares of the industrial products company’s stock after selling 1,880 shares during the period. Skylands Capital LLC’s holdings in Lincoln Electric were worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of LECO. Quent Capital LLC acquired a new position in Lincoln Electric during the 3rd quarter worth $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Lincoln Electric by 3,700.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after buying an additional 111 shares during the period. Root Financial Partners LLC acquired a new position in shares of Lincoln Electric during the third quarter worth about $31,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Lincoln Electric by 82.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after buying an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Lincoln Electric by 3,860.0% during the third quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock worth $47,000 after buying an additional 193 shares during the period. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on LECO. Wall Street Zen cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research report on Thursday, January 22nd. Barclays boosted their target price on shares of Lincoln Electric from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Zacks Research cut Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Roth Mkm reiterated a “buy” rating and issued a $297.00 price objective (up previously from $285.00) on shares of Lincoln Electric in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $294.08 on Wednesday. The stock’s 50-day moving average is $254.82 and its two-hundred day moving average is $243.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.07 and a current ratio of 1.71. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $301.14. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.86 and a beta of 1.26.

About Lincoln Electric

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.