Short Interest in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Decreases By 13.3%

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 560,375 shares, a decrease of 13.3% from the December 31st total of 646,489 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 260,772 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 260,772 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus increased their price target on Lincoln Electric from $252.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. Roth Mkm restated a “buy” rating on shares of Lincoln Electric in a report on Tuesday. Zacks Research lowered Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Barclays lifted their price target on shares of Lincoln Electric from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.00.

Lincoln Electric Stock Up 1.1%

Shares of Lincoln Electric stock traded up $2.88 on Tuesday, hitting $270.50. The company had a trading volume of 59,742 shares, compared to its average volume of 287,150. Lincoln Electric has a 1 year low of $161.11 and a 1 year high of $270.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.07 and a current ratio of 1.71. The stock has a 50 day moving average of $248.76 and a 200-day moving average of $240.35. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.66 and a beta of 1.26.

Hedge Funds Weigh In On Lincoln Electric

Hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Lincoln Electric in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC boosted its holdings in 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 worth $27,000 after purchasing an additional 111 shares during the last quarter. Root Financial Partners LLC bought a new stake in Lincoln Electric in the 3rd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC grew its position in Lincoln Electric by 82.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake 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 last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

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.