Bank of Montreal Can boosted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 173.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,950 shares of the industrial products company’s stock after purchasing an additional 39,269 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Lincoln Electric worth $5,673,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lincoln Electric in the 2nd quarter worth approximately $219,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Lincoln Electric in the 3rd quarter worth approximately $219,000. Cubist Systematic Strategies LLC grew its position in shares of Lincoln Electric by 311.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 1,870 shares in the last quarter. South Dakota Investment Council acquired a new position in Lincoln Electric during the 3rd quarter valued at approximately $248,000. Finally, GSA Capital Partners LLP acquired a new position in Lincoln Electric during the 2nd quarter valued at approximately $280,000. Institutional investors own 64.12% of the company’s stock.
A number of research firms recently issued reports on LECO. Barclays began coverage on Lincoln Electric in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $90.00 price objective for the company. B. Riley restated a “buy” rating on shares of Lincoln Electric in a research report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and set a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, BidaskClub lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Lincoln Electric has an average rating of “Hold” and a consensus price target of $103.38.
Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up $0.38 during trading on Friday, hitting $86.82. The stock had a trading volume of 702,717 shares, compared to its average volume of 420,261. The firm has a market capitalization of $5,708.94, a price-to-earnings ratio of 24.18, a PEG ratio of 1.70 and a beta of 1.04. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings, Inc. has a 12 month low of $81.39 and a 12 month high of $101.34.
About Lincoln Electric
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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