Telos Capital Management Inc. Sells 251 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Telos Capital Management Inc. lowered its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 9.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,491 shares of the industrial products company’s stock after selling 251 shares during the quarter. Telos Capital Management Inc.’s holdings in Lincoln Electric were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LECO. Avior Wealth Management LLC increased its position in Lincoln Electric by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc increased its position in Lincoln Electric by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 51 shares during the period. Fifth Third Bancorp grew its position in shares of Lincoln Electric by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after buying an additional 54 shares during the period. Ritholtz Wealth Management grew its position in shares of Lincoln Electric by 4.8% during the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after buying an additional 60 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Lincoln Electric by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock worth $1,813,000 after buying an additional 70 shares during the period. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $193.24 on Friday. The company has a fifty day simple moving average of $196.20 and a 200 day simple moving average of $196.10. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. 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 company has a market cap of $10.90 billion, a P/E ratio of 23.06, a PEG ratio of 1.44 and a beta of 1.18.

Analysts Set New Price Targets

LECO has been the subject of several recent analyst reports. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. KeyCorp raised their price objective 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. Finally, Stifel Nicolaus reduced their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Electric currently 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.