Royce & Associates LP Has $32.43 Million Stock Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Royce & Associates LP trimmed its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 15.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,448 shares of the industrial products company's stock after selling 31,670 shares during the quarter. Royce & Associates LP owned about 0.31% of Lincoln Electric worth $32,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LECO. Mizuho Bank Ltd. acquired a new stake in shares of Lincoln Electric in the fourth quarter worth $30,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Lincoln Electric in the fourth quarter worth $68,000. Signaturefd LLC lifted its stake in shares of Lincoln Electric by 77.1% in the first quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock worth $80,000 after buying an additional 185 shares during the last quarter. Covestor Ltd lifted its stake in shares of Lincoln Electric by 22.2% in the fourth quarter. Covestor Ltd now owns 517 shares of the industrial products company's stock worth $97,000 after buying an additional 94 shares during the last quarter. Finally, YANKCOM Partnership lifted its stake in shares of Lincoln Electric by 12.2% in the first quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock worth $105,000 after buying an additional 60 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LECO shares. Wall Street Zen cut shares of Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird lowered their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus upped their target price on shares of Lincoln Electric from $180.00 to $236.00 and gave the stock a "hold" rating in a report on Monday. Finally, KeyCorp upped their target price on shares of Lincoln Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Lincoln Electric presently has a consensus rating of "Hold" and a consensus price target of $222.60.

Lincoln Electric Trading Down 0.4%

Shares of NASDAQ LECO traded down $0.99 during mid-day trading on Thursday, hitting $224.60. The company's stock had a trading volume of 31,920 shares, compared to its average volume of 345,862. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.19. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $226.80. The company's fifty day simple moving average is $206.81 and its 200-day simple moving average is $196.67.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.06). The business had revenue of $365.45 million during the quarter, compared to the consensus estimate of $974.39 million. Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. On average, sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

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.

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