Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC decreased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,241 shares of the industrial products company’s stock after selling 79 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Lincoln Electric were worth $8,669,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake in Lincoln Electric by 97.9% during the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares during the period. Quarry LP raised its position in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares during the period. Blue Trust Inc. lifted its stake in Lincoln Electric by 308.5% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 253 shares in the last quarter. HM Payson & Co. purchased a new position in Lincoln Electric during the 3rd quarter valued at about $65,000. Finally, Covestor Ltd increased its holdings in shares of Lincoln Electric by 60.2% in the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Down 0.7 %

Shares of NASDAQ:LECO opened at $197.27 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $11.13 billion, a PE ratio of 23.54, a P/E/G ratio of 1.42 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13. The firm has a fifty day moving average price of $199.13 and a 200 day moving average price of $196.46.

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

Analyst Ratings Changes

LECO has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $229.50.

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.