Vaughan David Investments LLC IL Sells 3,373 Shares of Lincoln Electric Holdings, Inc. $LECO

Vaughan David Investments LLC IL trimmed its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,376 shares of the industrial products company’s stock after selling 3,373 shares during the quarter. Vaughan David Investments LLC IL owned approximately 0.40% of Lincoln Electric worth $52,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NewEdge Advisors LLC lifted 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 purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 valued at $215,000 after buying an additional 963 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Lincoln Electric by 8.9% during 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 buying an additional 29,505 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Lincoln Electric by 8.7% in the 1st 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. grew its position in shares of Lincoln Electric by 980.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock worth $53,000 after buying an additional 255 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LECO shares. Roth Capital set a $285.00 price target on Lincoln Electric and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Stifel Nicolaus dropped their target price on shares of Lincoln Electric from $265.00 to $252.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lincoln Electric currently has an average rating of “Moderate Buy” and an average target price of $249.50.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $255.25 on Tuesday. 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 firm has a market capitalization of $14.05 billion, a P/E ratio of 27.34, a PEG ratio of 1.65 and a beta of 1.26. The firm has a fifty day moving average of $242.08 and a 200-day moving average of $237.53. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $264.87.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. Lincoln Electric had a net margin of 12.56% and a return on equity of 40.33%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

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.