Sapient Capital LLC Has $16.45 Million Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Sapient Capital LLC increased its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 87,396 shares of the industrial products company’s stock after buying an additional 719 shares during the quarter. Sapient Capital LLC’s holdings in Lincoln Electric were worth $16,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in shares of Lincoln Electric by 97.9% in the 3rd quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. raised its stake in Lincoln Electric by 308.5% during the third 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. bought a new position in shares of Lincoln Electric during the third quarter valued at $65,000. Covestor Ltd boosted its stake 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 in the last quarter. Finally, YANKCOM Partnership bought a new stake in shares of Lincoln Electric in the 4th quarter worth about $92,000. Institutional investors own 79.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. KeyCorp boosted their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus dropped their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Price Performance

Shares of LECO stock opened at $193.00 on Tuesday. 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 firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.40 and a beta of 1.18. The firm’s 50 day moving average is $195.17 and its 200-day moving average is $195.82. Lincoln Electric Holdings, Inc. has a 1 year low of $169.51 and a 1 year high of $261.13.

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.