Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOGet Rating) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,862 shares of the industrial products company’s stock after buying an additional 990 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Lincoln Electric were worth $863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brinker Capital Investments LLC raised its stake in shares of Lincoln Electric by 2.2% during the 1st quarter. Brinker Capital Investments LLC now owns 3,702 shares of the industrial products company’s stock worth $510,000 after buying an additional 80 shares during the last quarter. FMR LLC increased its position in Lincoln Electric by 3.0% during the 2nd quarter. FMR LLC now owns 2,795 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 82 shares in the last quarter. Cetera Advisor Networks LLC increased its position in Lincoln Electric by 5.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 2,027 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 111 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in Lincoln Electric by 4.2% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 2,875 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 117 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in Lincoln Electric by 2.2% during the 3rd quarter. WCM Investment Management LLC now owns 6,009 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 73.25% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gabriel Bruno sold 2,482 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $150.15, for a total transaction of $372,672.30. Following the transaction, the chief financial officer now directly owns 22,507 shares of the company’s stock, valued at approximately $3,379,426.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Gabriel Bruno sold 2,482 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $150.15, for a total transaction of $372,672.30. Following the transaction, the chief financial officer now directly owns 22,507 shares of the company’s stock, valued at approximately $3,379,426.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer I. Ansberry sold 10,175 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $141.12, for a total value of $1,435,896.00. Following the transaction, the executive vice president now directly owns 16,783 shares in the company, valued at $2,368,416.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,431 shares of company stock valued at $4,902,783. Corporate insiders own 3.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LECO. Stifel Nicolaus lifted their price objective on Lincoln Electric from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday. Robert W. Baird lifted their price target on Lincoln Electric from $150.00 to $152.00 in a report on Thursday, October 27th. Morgan Stanley lifted their price target on Lincoln Electric to $149.00 in a report on Wednesday, December 14th. StockNews.com cut Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Friday, January 6th. Finally, Oppenheimer lifted their price target on Lincoln Electric to $165.00 in a report on Monday, November 21st.

Lincoln Electric Stock Up 1.6 %

Shares of NASDAQ:LECO opened at $156.73 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.70. Lincoln Electric Holdings, Inc. has a 1 year low of $118.17 and a 1 year high of $159.79. The stock has a market capitalization of $9.05 billion, a P/E ratio of 21.09, a PEG ratio of 1.22 and a beta of 1.13. The stock has a 50-day simple moving average of $148.38 and a 200-day simple moving average of $139.73.

Lincoln Electric (NASDAQ:LECOGet Rating) last issued its earnings results on Thursday, October 27th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.08. Lincoln Electric had a return on equity of 52.60% and a net margin of 11.91%. The business had revenue of $935.24 million during the quarter, compared to analysts’ expectations of $919.13 million. Equities analysts forecast that Lincoln Electric Holdings, Inc. will post 8.22 earnings per share for the current year.

Lincoln Electric Company Profile

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Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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