Naples Global Advisors LLC Has $1.74 Million Stock Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Naples Global Advisors LLC grew its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,239 shares of the industrial products company’s stock after acquiring an additional 290 shares during the period. Naples Global Advisors LLC’s holdings in Lincoln Electric were worth $1,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LECO. Elios Financial Group Inc. bought a new stake in Lincoln Electric during the third quarter worth $999,000. Vestcor Inc grew its stake in shares of Lincoln Electric by 85.5% in the 3rd quarter. Vestcor Inc now owns 8,180 shares of the industrial products company’s stock worth $1,571,000 after acquiring an additional 3,771 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Lincoln Electric by 28.7% during the fourth quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 96 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in Lincoln Electric by 3.5% during the third quarter. Westfield Capital Management Co. LP now owns 237,935 shares of the industrial products company’s stock worth $45,688,000 after purchasing an additional 7,962 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in Lincoln Electric in the 3rd quarter worth about $499,000. 79.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LECO has been the topic of a number of research analyst reports. KeyCorp boosted their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.50.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $213.81 on Friday. 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 stock has a fifty day simple moving average of $194.36 and a two-hundred day simple moving average of $195.82. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. Analysts anticipate that Lincoln Electric Holdings, Inc. will post 8.72 earnings per share for the current year.

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.