WealthPLAN Partners LLC Sells 904 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

WealthPLAN Partners LLC decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,327 shares of the industrial products company’s stock after selling 904 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lincoln Electric were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in Lincoln Electric by 12.9% in the 3rd quarter. State Street Corp now owns 2,462,232 shares of the industrial products company’s stock worth $474,527,000 after purchasing an additional 280,466 shares during the period. Geode Capital Management LLC increased its stake in Lincoln Electric by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company’s stock worth $231,345,000 after purchasing an additional 61,640 shares during the period. Victory Capital Management Inc. increased its stake 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 purchasing an additional 494,464 shares during the period. Boston Trust Walden Corp increased its stake in Lincoln Electric by 2.1% in the 4th quarter. Boston Trust Walden Corp now owns 328,743 shares of the industrial products company’s stock worth $61,629,000 after purchasing an additional 6,912 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Lincoln Electric by 121.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 268,229 shares of the industrial products company’s stock valued at $50,284,000 after buying an additional 147,239 shares during the period. Institutional investors own 79.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LECO shares. KeyCorp boosted their target price on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. Stifel Nicolaus reduced 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, January 24th. Finally, StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of $233.25.

Lincoln Electric Price Performance

Shares of LECO stock opened at $213.82 on Friday. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.40 and a beta of 1.18. The business’s fifty day moving average is $194.44 and its 200 day moving average is $195.86. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. Research analysts expect that Lincoln Electric Holdings, Inc. will post 8.72 EPS for the current fiscal 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.