Allianz Asset Management GmbH Boosts Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

Allianz Asset Management GmbH lifted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 239.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,191 shares of the industrial products company’s stock after purchasing an additional 129,932 shares during the period. Allianz Asset Management GmbH owned about 0.33% of Lincoln Electric worth $43,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LECO. NewEdge Advisors LLC boosted its stake in shares of Lincoln Electric by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock worth $468,000 after acquiring an additional 197 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Lincoln Electric by 553.4% during the first quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 963 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Lincoln Electric by 8.9% in the first quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company’s stock valued at $68,582,000 after purchasing an additional 29,505 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Lincoln Electric by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company’s stock valued at $26,017,000 after buying an additional 10,961 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Lincoln Electric by 980.8% in the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Down 0.4%

Shares of NASDAQ LECO opened at $284.66 on Friday. The stock has a market cap of $15.66 billion, a PE ratio of 30.48, a P/E/G ratio of 1.78 and a beta of 1.26. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81. Lincoln Electric Holdings, Inc. has a 12-month low of $161.11 and a 12-month high of $289.30. The company has a 50-day moving average of $251.29 and a 200 day moving average of $241.31.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LECO. Wall Street Zen cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a research report on Thursday, January 22nd. Morgan Stanley reduced their price target on shares of Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Zacks Research lowered shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Barclays boosted their price objective on Lincoln Electric from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.00.

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.