BI Asset Management Fondsmaeglerselskab A S Takes $5.01 Million Position in Lincoln Electric Holdings, Inc. $LECO

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,225 shares of the industrial products company’s stock, valued at approximately $5,005,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Optimize Financial Inc acquired a new position in Lincoln Electric in the third quarter valued at about $306,000. Savant Capital LLC increased its stake in shares of Lincoln Electric by 1.2% in the 3rd quarter. Savant Capital LLC now owns 6,616 shares of the industrial products company’s stock valued at $1,560,000 after acquiring an additional 77 shares during the last quarter. Machina Capital S.A.S. raised its position in shares of Lincoln Electric by 92.9% in the 3rd quarter. Machina Capital S.A.S. now owns 2,064 shares of the industrial products company’s stock valued at $487,000 after acquiring an additional 994 shares during the period. J.W. Cole Advisors Inc. bought a new position in Lincoln Electric during the 3rd quarter worth approximately $222,000. Finally, Hantz Financial Services Inc. grew its holdings in Lincoln Electric by 23.6% during the third quarter. Hantz Financial Services Inc. now owns 3,903 shares of the industrial products company’s stock valued at $920,000 after purchasing an additional 746 shares during the period. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $298.88 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. The stock’s 50-day moving average is $252.48 and its 200-day moving average is $241.87. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $301.14.

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.