Lincoln Electric Holdings, Inc. (LECO) Position Boosted by Creative Planning

Creative Planning increased its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,402 shares of the industrial products company’s stock after acquiring an additional 4,692 shares during the quarter. Creative Planning’s holdings in Lincoln Electric were worth $3,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC acquired a new position in shares of Lincoln Electric in the second quarter worth approximately $23,713,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lincoln Electric by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock worth $8,381,000 after acquiring an additional 1,739 shares during the period. Alps Advisors Inc. acquired a new position in shares of Lincoln Electric in the third quarter worth approximately $483,000. Oppenheimer & Co. Inc. lifted its stake in shares of Lincoln Electric by 47.2% in the third quarter. Oppenheimer & Co. Inc. now owns 5,018 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 1,609 shares during the period. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in shares of Lincoln Electric by 1,285.3% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 301,350 shares of the industrial products company’s stock worth $27,627,000 after acquiring an additional 279,596 shares during the period. 63.64% of the stock is currently owned by institutional investors.

Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $100.01 on Monday. Lincoln Electric Holdings, Inc. has a 12 month low of $80.15 and a 12 month high of $100.68. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $6,580.00, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. The business had revenue of $669.50 million during the quarter, compared to analyst estimates of $658.48 million. During the same period last year, the firm posted $0.89 earnings per share. Lincoln Electric’s quarterly revenue was up 17.9% compared to the same quarter last year. equities research analysts anticipate that Lincoln Electric Holdings, Inc. will post 3.75 EPS for the current year.

LECO has been the topic of a number of recent analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a research note on Friday, October 27th. Zacks Investment Research raised Lincoln Electric from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. Stifel Nicolaus raised Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Tuesday, January 16th. Finally, Barclays assumed coverage on Lincoln Electric in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $102.63.

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Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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