Tradition Capital Management LLC purchased a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,539 shares of the industrial products company’s stock, valued at approximately $232,000.
Several other large investors have also modified their holdings of LECO. GSA Capital Partners LLP acquired a new stake in shares of Lincoln Electric in the second quarter valued at about $280,000. FMR LLC acquired a new stake in shares of Lincoln Electric in the second quarter valued at about $23,713,000. Suntrust Banks Inc. grew its position in shares of Lincoln Electric by 11.8% in the second quarter. Suntrust Banks Inc. now owns 4,041 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 425 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Lincoln Electric in the second quarter valued at about $18,403,000. Finally, Royal Bank of Canada grew its position in shares of Lincoln Electric by 8.4% in the second quarter. Royal Bank of Canada now owns 24,859 shares of the industrial products company’s stock valued at $2,290,000 after purchasing an additional 1,922 shares during the last quarter. 64.12% of the stock is currently owned by institutional investors.
Shares of Lincoln Electric Holdings, Inc. (NASDAQ LECO) opened at $86.44 on Friday. Lincoln Electric Holdings, Inc. has a 1 year low of $81.39 and a 1 year high of $101.34. The firm has a market capitalization of $5,918.01, a PE ratio of 25.07, a P/E/G ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.
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About Lincoln Electric
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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