Birch Hill Investment Advisors LLC Purchases 2,465 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Birch Hill Investment Advisors LLC lifted its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 193,578 shares of the industrial products company’s stock after buying an additional 2,465 shares during the quarter. Lincoln Electric comprises 1.7% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Birch Hill Investment Advisors LLC’s holdings in Lincoln Electric were worth $36,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Lincoln Electric by 81.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after purchasing an additional 494,464 shares in the last quarter. State Street Corp raised its holdings in Lincoln Electric by 12.9% during the 3rd quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock worth $474,527,000 after buying an additional 280,466 shares during the period. International Assets Investment Management LLC lifted its stake in Lincoln Electric by 18,413.8% in the third quarter. International Assets Investment Management LLC now owns 258,267 shares of the industrial products company’s stock valued at $49,592,000 after buying an additional 256,872 shares in the last quarter. Absher Wealth Management LLC acquired a new position in shares of Lincoln Electric in the third quarter valued at approximately $24,604,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Lincoln Electric during the third quarter worth $23,233,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $191.25 on Friday. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.40 and a beta of 1.18. The business has a 50-day moving average of $195.66 and a 200-day moving average of $195.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Analysts Set New Price Targets

LECO has been the topic of several research reports. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. KeyCorp upped their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus dropped their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.