Alps Advisors Inc. Sells 19,046 Shares of Lincoln Electric Holdings, Inc. $LECO

Alps Advisors Inc. lessened its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,464 shares of the industrial products company’s stock after selling 19,046 shares during the quarter. Alps Advisors Inc. owned 0.16% of Lincoln Electric worth $20,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LECO. Quent Capital LLC bought a new stake in Lincoln Electric in the third quarter worth about $27,000. Frazier Financial Advisors LLC grew its stake in shares of Lincoln Electric by 3,700.0% during the third 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 last quarter. Root Financial Partners LLC purchased a new stake in shares of Lincoln Electric in the third quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Lincoln Electric by 82.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Lincoln Electric by 3,860.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 193 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LECO has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $297.00 target price (up previously from $285.00) on shares of Lincoln Electric in a research note on Tuesday, February 3rd. Barclays raised their price target 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. Morgan Stanley lowered their price objective 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 downgraded shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research note on Thursday, January 22nd. 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, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

Lincoln Electric Trading Up 5.0%

NASDAQ:LECO opened at $298.88 on Monday. The firm has a 50-day simple moving average of $252.48 and a 200-day simple moving average of $242.12. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $301.14. The firm has a market cap of $16.45 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.86 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.07 and a current ratio of 1.71.

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.