Lincoln Electric Holdings, Inc. $LECO Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 12.3% in the third quarter, HoldingsChannel.com reports. The fund owned 19,382 shares of the industrial products company’s stock after purchasing an additional 2,123 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Lincoln Electric were worth $4,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of Lincoln Electric during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in 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 buying an additional 70 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Lincoln Electric by 3,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after buying an additional 193 shares during the period. Eastern Bank grew its stake in shares of Lincoln Electric by 109.4% in the third quarter. Eastern Bank now owns 201 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 105 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Lincoln Electric by 980.8% during the first quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 255 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LECO has been the subject of a number of recent research reports. Barclays lifted their target price on Lincoln Electric from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research downgraded Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a report on Thursday. Finally, Morgan Stanley decreased 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. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $253.00.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $257.64 on Tuesday. The company has a fifty day moving average of $245.06 and a two-hundred day moving average of $238.88. The company has a market capitalization of $14.18 billion, a PE ratio of 27.58, a P/E/G ratio of 1.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 earnings per share. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share 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.