Everhart Financial Group Inc. Buys 161 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Everhart Financial Group Inc. grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,191 shares of the industrial products company’s stock after acquiring an additional 161 shares during the quarter. Everhart Financial Group Inc.’s holdings in Lincoln Electric were worth $786,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LECO. Victory Capital Management Inc. boosted its position in shares of Lincoln Electric by 81.9% during the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after buying an additional 494,464 shares during the last quarter. State Street Corp boosted its position in shares of Lincoln Electric by 12.9% during the third quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock valued at $474,527,000 after buying an additional 280,466 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Lincoln Electric by 18,413.8% during 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 during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Lincoln Electric by 121.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 268,229 shares of the industrial products company’s stock valued at $50,284,000 after buying an additional 147,239 shares during the last quarter. Finally, Absher Wealth Management LLC purchased a new stake in shares of Lincoln Electric during the third quarter valued at $24,604,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Trading Up 0.0 %

Shares of NASDAQ:LECO opened at $213.82 on Monday. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.40 and a beta of 1.18. 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 stock’s 50-day simple moving average is $194.44 and its two-hundred day simple moving average is $195.68. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $995.94 million. Analysts expect that Lincoln Electric Holdings, Inc. will post 8.72 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on LECO. KeyCorp increased their price objective on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday. 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. Finally, StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.25.

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.