Carnegie Investment Counsel Reduces Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Carnegie Investment Counsel lessened its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,689 shares of the industrial products company’s stock after selling 345 shares during the period. Carnegie Investment Counsel’s holdings in Lincoln Electric were worth $3,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gateway Investment Advisers LLC increased its holdings in Lincoln Electric by 8.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,874 shares of the industrial products company’s stock worth $351,000 after acquiring an additional 149 shares during the period. Park Avenue Securities LLC increased its holdings in Lincoln Electric by 40.8% during the 4th quarter. Park Avenue Securities LLC now owns 2,476 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 718 shares during the period. Oak Thistle LLC increased its holdings in Lincoln Electric by 26.2% during the 4th quarter. Oak Thistle LLC now owns 5,906 shares of the industrial products company’s stock worth $1,107,000 after acquiring an additional 1,227 shares during the period. Marcum Wealth LLC increased its holdings in Lincoln Electric by 17.1% during the 4th quarter. Marcum Wealth LLC now owns 4,569 shares of the industrial products company’s stock worth $857,000 after acquiring an additional 668 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Lincoln Electric by 7.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,961 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 135 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

LECO stock opened at $194.32 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. Lincoln Electric Holdings, Inc. has a 52 week low of $169.51 and a 52 week high of $261.13. The firm’s fifty day moving average is $200.51 and its 200 day moving average is $195.91. The firm has a market cap of $10.97 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.29 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The company had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. During the same quarter last year, the firm earned $2.40 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts predict that Lincoln Electric Holdings, Inc. will post 8.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LECO. KeyCorp increased their price target on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price target on shares of Lincoln Electric from $195.00 to $216.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a 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 currently has an average rating of “Moderate Buy” and a consensus target price of $230.75.

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.