GHP Investment Advisors Inc. Has $14.84 Million Holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

GHP Investment Advisors Inc. decreased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 79,147 shares of the industrial products company’s stock after selling 370 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Lincoln Electric were worth $14,838,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Elios Financial Group Inc. acquired a new stake in shares of Lincoln Electric in the third quarter worth about $999,000. Vestcor Inc lifted its holdings in 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 purchasing an additional 3,771 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Lincoln Electric by 3.5% in the 3rd 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. World Investment Advisors LLC acquired a new stake in Lincoln Electric in the 3rd quarter worth approximately $499,000. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Lincoln Electric by 15.3% in the third quarter. Aptus Capital Advisors LLC now owns 19,879 shares of the industrial products company’s stock worth $3,817,000 after buying an additional 2,642 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Price Performance

NASDAQ:LECO opened at $192.11 on Thursday. The stock has a market cap of $10.84 billion, a P/E ratio of 22.92, a PEG ratio of 1.44 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13. The company has a fifty day moving average price of $196.67 and a 200 day moving average price of $196.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of 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 raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus cut their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $229.50.

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.