Trust Point Inc. Sells 83 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Trust Point Inc. cut its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,454 shares of the industrial products company’s stock after selling 83 shares during the quarter. Trust Point Inc.’s holdings in Lincoln Electric were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management grew its stake in shares of Lincoln Electric by 4.8% in the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after buying an additional 68 shares during the period. Capital Advisors Ltd. LLC lifted its position in Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Financial Counselors Inc. lifted its holdings in shares of Lincoln Electric by 0.3% during the first quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock valued at $6,673,000 after purchasing an additional 71 shares during the last quarter. Finally, Quarry LP raised its stake in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Trading Up 2.5 %

Lincoln Electric stock opened at $203.10 on Friday. Lincoln Electric Holdings, Inc. has a one year low of $164.00 and a one year high of $261.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.06. The stock has a market cap of $11.56 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. The stock has a 50-day moving average of $189.19 and a two-hundred day moving average of $202.54.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. Lincoln Electric’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $2.44 EPS. On average, research analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Insider Activity at Lincoln Electric

In other news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares in the company, valued at $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird cut their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, StockNews.com lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $221.67.

Lincoln Electric Company 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.