WCM Investment Management LLC Acquires 907 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

WCM Investment Management LLC raised its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 84.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,975 shares of the industrial products company’s stock after buying an additional 907 shares during the period. WCM Investment Management LLC’s holdings in Lincoln Electric were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in shares of Lincoln Electric by 3.0% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 48 shares during the last quarter. CIBC Asset Management Inc grew its stake in Lincoln Electric by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Lincoln Electric by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 54 shares during the period. Ritholtz Wealth Management raised its stake in shares of Lincoln Electric by 4.8% during the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 60 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Lincoln Electric by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus decreased their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, 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 report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lincoln Electric has an average rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Trading Up 0.9 %

Shares of NASDAQ:LECO 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 company has a market capitalization of $10.89 billion, a PE ratio of 23.03, a P/E/G ratio of 1.40 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12-month low of $169.51 and a 12-month high of $261.13. The business’s fifty day simple moving average is $195.17 and its 200-day simple moving average is $195.82.

Lincoln Electric 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.