Everhart Financial Group Inc. Acquires 161 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Everhart Financial Group Inc. boosted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,191 shares of the industrial products company’s stock after purchasing an additional 161 shares during the quarter. Everhart Financial Group Inc.’s holdings in Lincoln Electric were worth $786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elios Financial Group Inc. bought a new stake in Lincoln Electric during the 3rd quarter valued at approximately $999,000. Vestcor Inc increased its stake 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 acquiring an additional 3,771 shares during the last quarter. Blue Trust Inc. increased its stake in Lincoln Electric by 28.7% in the 4th quarter. Blue Trust Inc. now owns 431 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 96 shares during the last quarter. Westfield Capital Management Co. LP increased its stake 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 acquiring 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 approximately $499,000. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

Shares of Lincoln Electric stock opened at $213.82 on Monday. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a 50 day moving average price of $194.44 and a 200-day moving average price of $195.68. Lincoln Electric Holdings, Inc. has a one year low of $169.51 and a one year high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. Equities analysts expect that Lincoln Electric Holdings, Inc. will post 8.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LECO. KeyCorp lifted their price objective on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus reduced their price objective 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. Finally, StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lincoln Electric presently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

About Lincoln Electric

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.