Regents Gate Capital LLP Takes Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Regents Gate Capital LLP bought a new stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 16,128 shares of the industrial products company’s stock, valued at approximately $3,024,000.

Several other institutional investors have also modified their holdings of LECO. UMB Bank n.a. raised its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Lincoln Electric during the 3rd quarter worth approximately $65,000. Covestor Ltd increased its holdings in 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 purchased a new stake in shares of Lincoln Electric during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Down 1.0 %

NASDAQ:LECO opened at $191.25 on Monday. The stock has a 50-day simple moving average of $195.66 and a 200 day simple moving average of $195.92. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Analyst Ratings Changes

A number of research firms have recently issued reports on LECO. Stifel Nicolaus dropped their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. KeyCorp raised their target price on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Lincoln Electric presently has an average rating of “Moderate Buy” and an average target price 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.