MassMutual Private Wealth & Trust FSB Buys 1,888 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

MassMutual Private Wealth & Trust FSB increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 83,956 shares of the industrial products company’s stock after acquiring an additional 1,888 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Lincoln Electric were worth $15,739,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after buying an additional 140 shares during the last quarter. Quarry LP lifted its position in Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. boosted its stake in Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 253 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Lincoln Electric in the 3rd quarter worth $65,000. Finally, Covestor Ltd raised its stake in shares of Lincoln Electric by 60.2% in the third quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 159 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Stifel Nicolaus raised their target price on Lincoln Electric from $195.00 to $216.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, KeyCorp upped their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lincoln Electric has a consensus rating of “Moderate Buy” and a consensus price target of $230.75.

Lincoln Electric Price Performance

NASDAQ LECO opened at $194.32 on Monday. The business’s fifty day moving average is $200.51 and its 200 day moving average is $196.06. Lincoln Electric Holdings, Inc. has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market capitalization of $10.97 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.05 by $0.09. The firm had revenue of $983.76 million for the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.40 earnings per share. Sell-side analysts predict that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share for the current year.

About Lincoln Electric

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.