Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,154 shares of the industrial products company’s stock after purchasing an additional 203 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Lincoln Electric were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Lincoln Electric by 81.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock worth $210,831,000 after buying an additional 494,464 shares during the period. State Street Corp increased its stake in shares of Lincoln Electric by 12.9% in the third quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock worth $474,527,000 after acquiring an additional 280,466 shares during the period. International Assets Investment Management LLC raised its holdings 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 worth $49,592,000 after purchasing an additional 256,872 shares during the last quarter. Absher Wealth Management LLC purchased a new stake in Lincoln Electric in the third quarter valued at $24,604,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Lincoln Electric during the 3rd quarter worth about $23,233,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LECO shares. Stifel Nicolaus decreased their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. KeyCorp upped their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Stock Up 0.5 %

Shares of LECO opened at $193.38 on Wednesday. The firm has a market cap of $10.91 billion, a P/E ratio of 23.08, a PEG ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13. The stock’s 50 day moving average is $197.16 and its two-hundred day moving average is $196.15. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86.

Lincoln Electric 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.