Redwood Financial Network Corp Acquires Shares of 1,751 Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Redwood Financial Network Corp purchased a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,751 shares of the industrial products company’s stock, valued at approximately $318,000.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in shares of Lincoln Electric by 1,422.2% in the second quarter. IFP Advisors Inc now owns 137 shares of the industrial products company’s stock valued at $27,000 after buying an additional 128 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in Lincoln Electric during the 2nd quarter worth about $35,000. Fifth Third Bancorp raised its holdings in Lincoln Electric by 28.1% during the 2nd quarter. Fifth Third Bancorp now owns 237 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 52 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Lincoln Electric by 151.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 239 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 144 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in Lincoln Electric during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO traded down $4.44 during midday trading on Monday, reaching $222.06. 44,191 shares of the company traded hands, compared to its average volume of 254,763. Lincoln Electric Holdings, Inc. has a 12 month low of $152.36 and a 12 month high of $228.18. The firm’s fifty day moving average price is $213.49 and its two-hundred day moving average price is $196.00. The company has a quick ratio of 1.31, a current ratio of 2.07 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.

Analyst Ratings Changes

Several analysts have weighed in on the company. Seaport Res Ptn raised Lincoln Electric from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, October 24th. Morgan Stanley assumed coverage on Lincoln Electric in a research note on Monday, January 8th. They set an “underweight” rating and a $178.00 price objective on the stock. Jefferies Financial Group increased their price target on Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Stifel Nicolaus increased their price objective on Lincoln Electric from $192.00 to $208.00 and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lincoln Electric has an average rating of “Hold” and an average target price of $195.75.

Read Our Latest Research Report on LECO

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, EVP Michele R. Kuhrt sold 4,290 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.86, for a total transaction of $793,049.40. Following the completion of the transaction, the executive vice president now owns 16,660 shares of the company’s stock, valued at approximately $3,079,767.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Steven B. Hedlund sold 12,880 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $203.59, for a total value of $2,622,239.20. Following the transaction, the chief operating officer now directly owns 40,122 shares in the company, valued at approximately $8,168,437.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michele R. Kuhrt sold 4,290 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.86, for a total value of $793,049.40. Following the sale, the executive vice president now directly owns 16,660 shares of the company’s stock, valued at approximately $3,079,767.60. The disclosure for this sale can be found here. In the last three months, insiders sold 85,780 shares of company stock worth $17,623,734. 2.90% of the stock is currently owned by corporate insiders.

Lincoln Electric Company Profile

(Free Report)

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, as well as consumables used in the brazing and soldering alloys market.

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Institutional Ownership by Quarter for Lincoln Electric (NASDAQ:LECO)

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