Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stake Lessened by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lowered its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,128 shares of the industrial products company’s stock after selling 491 shares during the period. Lincoln Electric comprises approximately 0.7% of FSM Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. FSM Wealth Advisors LLC’s holdings in Lincoln Electric were worth $2,937,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Lincoln Electric by 81.9% during the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock worth $210,831,000 after acquiring an additional 494,464 shares in the last quarter. State Street Corp increased its position in Lincoln Electric by 12.9% during the third quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock worth $474,527,000 after buying an additional 280,466 shares during the last quarter. International Assets Investment Management LLC increased its position in 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 buying an additional 256,872 shares during the last quarter. Absher Wealth Management LLC acquired a new position in Lincoln Electric during the third quarter worth $24,604,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Lincoln Electric during the third quarter worth $23,233,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LECO shares. KeyCorp increased their target price on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Trading Down 0.8 %

Shares of NASDAQ:LECO opened at $198.78 on Monday. The company has a market cap of $11.22 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.44 and a beta of 1.18. The stock’s 50-day moving average is $198.17 and its 200-day moving average is $196.30. Lincoln Electric Holdings, Inc. has a 52-week low of $169.51 and a 52-week high of $261.13. 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 (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.09. The company had revenue of $983.76 million for the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $2.40 earnings per share. Equities research analysts predict that Lincoln Electric Holdings, Inc. will post 8.72 earnings per share for the current year.

Lincoln Electric Company 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.