Lincoln Electric Holdings, Inc. $LECO Holdings Decreased by CM Wealth Advisors LLC

CM Wealth Advisors LLC reduced its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,958 shares of the industrial products company’s stock after selling 6,789 shares during the period. Lincoln Electric comprises approximately 8.9% of CM Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest holding. CM Wealth Advisors LLC owned about 0.26% of Lincoln Electric worth $33,584,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Lincoln Electric by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 197 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Lincoln Electric by 553.4% in the first quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company’s stock worth $215,000 after buying an additional 963 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Lincoln Electric by 8.9% in the first quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company’s stock worth $68,582,000 after buying an additional 29,505 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Lincoln Electric by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company’s stock valued at $26,017,000 after acquiring an additional 10,961 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 255 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LECO shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Lincoln Electric in a research note on Thursday, January 22nd. Zacks Research lowered shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Stifel Nicolaus raised their price target on shares of Lincoln Electric from $252.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. Barclays upped their price objective on shares of Lincoln Electric from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $297.00 target price (up from $285.00) on shares of Lincoln Electric in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.00.

Lincoln Electric Stock Up 5.4%

Shares of Lincoln Electric stock opened at $285.99 on Thursday. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $288.28. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.69 and a beta of 1.26. The company has a 50-day moving average of $250.37 and a 200 day moving average of $241.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.