Lincoln Electric Holdings, Inc. $LECO Stake Lessened by Keybank National Association OH

Keybank National Association OH cut its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,296 shares of the industrial products company’s stock after selling 57,795 shares during the period. Keybank National Association OH’s holdings in Lincoln Electric were worth $142,039,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. raised its stake in shares of Lincoln Electric by 3.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,156 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 43 shares in the last quarter. Kera Capital Partners Inc. increased its holdings in Lincoln Electric by 2.8% in the third quarter. Kera Capital Partners Inc. now owns 1,692 shares of the industrial products company’s stock valued at $399,000 after buying an additional 46 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Lincoln Electric by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 1,752 shares of the industrial products company’s stock valued at $363,000 after buying an additional 47 shares during the last quarter. YANKCOM Partnership raised its stake in Lincoln Electric by 8.7% during the second quarter. YANKCOM Partnership now owns 601 shares of the industrial products company’s stock valued at $125,000 after buying an additional 48 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Lincoln Electric by 2.6% during the 3rd quarter. Ballentine Partners LLC now owns 1,992 shares of the industrial products company’s stock worth $470,000 after buying an additional 51 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Trading Down 0.9%

Shares of NASDAQ:LECO opened at $265.35 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $248.05 and its 200 day moving average price is $239.74. The company has a market cap of $14.60 billion, a PE ratio of 28.41, a P/E/G ratio of 1.67 and a beta of 1.26. Lincoln Electric Holdings, Inc. has a fifty-two week low of $161.11 and a fifty-two week high of $268.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a report on Thursday, January 22nd. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $252.00 to $253.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Zacks Research cut shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays lifted their price target on shares of Lincoln Electric from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lincoln Electric has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

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.