Keybank National Association OH lowered its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 694,164 shares of the industrial products company’s stock after selling 4,493 shares during the quarter. Keybank National Association OH’s holdings in Lincoln Electric were worth $63,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its stake in shares of Lincoln Electric by 0.3% in the second quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 100 shares during the period. Oakbrook Investments LLC boosted its holdings in Lincoln Electric by 8.7% in the fourth quarter. Oakbrook Investments LLC now owns 6,740 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 540 shares during the last quarter. Gratus Capital LLC boosted its holdings in Lincoln Electric by 2.0% in the third quarter. Gratus Capital LLC now owns 32,590 shares of the industrial products company’s stock valued at $2,988,000 after acquiring an additional 633 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Lincoln Electric by 0.8% in the third quarter. Macquarie Group Ltd. now owns 97,630 shares of the industrial products company’s stock valued at $8,951,000 after acquiring an additional 729 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its holdings in Lincoln Electric by 4.5% in the fourth quarter. Sit Investment Associates Inc. now owns 18,845 shares of the industrial products company’s stock valued at $1,726,000 after acquiring an additional 815 shares during the last quarter. 64.05% of the stock is owned by institutional investors.

Lincoln Electric Holdings, Inc. (LECO) opened at $89.08 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings, Inc. has a 12-month low of $81.39 and a 12-month high of $101.34. The firm has a market capitalization of $5,860.00, a P/E ratio of 21.47, a PEG ratio of 1.73 and a beta of 1.04.

Several analysts recently commented on LECO shares. Oppenheimer upgraded Lincoln Electric from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Thursday, January 4th. Barclays started coverage on Lincoln Electric in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 target price on the stock. FBR & Co reiterated a “buy” rating and issued a $115.00 target price (up from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. UBS Group upgraded Lincoln Electric from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Lincoln Electric currently has an average rating of “Hold” and an average price target of $103.38.

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Lincoln Electric Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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

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