GHP Investment Advisors Inc. Decreases Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

GHP Investment Advisors Inc. reduced its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,147 shares of the industrial products company’s stock after selling 370 shares during the period. GHP Investment Advisors Inc. owned approximately 0.14% of Lincoln Electric worth $14,838,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LECO. Avior Wealth Management LLC raised its stake in shares of Lincoln Electric by 3.0% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc increased its position in shares of Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 51 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Lincoln Electric by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 54 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 60 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Lincoln Electric by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Stock Down 0.7 %

LECO stock opened at $192.11 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market capitalization of $10.84 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13. The company’s 50 day simple moving average is $196.67 and its 200-day simple moving average is $196.12.

Analyst Ratings Changes

LECO has been the subject of a number of recent 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. Stifel Nicolaus lowered their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, KeyCorp upped their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.