Alliance Wealth Advisors LLC UT Buys 203 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Alliance Wealth Advisors LLC UT grew its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,154 shares of the industrial products company’s stock after acquiring an additional 203 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Lincoln Electric were worth $591,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in Lincoln Electric by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 48 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Lincoln Electric by 3.2% in the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 51 shares during the period. Fifth Third Bancorp grew its holdings in Lincoln Electric by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 54 shares in the last quarter. Ritholtz Wealth Management increased its position in Lincoln Electric by 4.8% during the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Lincoln Electric by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,634 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

Shares of LECO opened at $193.38 on Wednesday. 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 firm has a market cap of $10.91 billion, a PE ratio of 23.08, a P/E/G ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13. The stock has a fifty day moving average price of $197.16 and a 200-day moving average price of $196.15.

Analyst Upgrades and Downgrades

LECO has been the topic of several research reports. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. KeyCorp lifted their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus decreased their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

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.