Sequoia Financial Advisors LLC Trims Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Sequoia Financial Advisors LLC lowered its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) by 4.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,857 shares of the industrial products company’s stock after selling 123 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lincoln Electric were worth $519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Lincoln Electric by 1,422.2% during the second quarter. IFP Advisors Inc now owns 137 shares of the industrial products company’s stock worth $27,000 after buying an additional 128 shares during the period. Pinebridge Investments L.P. acquired a new stake in Lincoln Electric in the second quarter worth approximately $35,000. Fifth Third Bancorp lifted its position in Lincoln Electric by 28.1% in the second 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 period. First Horizon Advisors Inc. lifted its position in Lincoln Electric by 151.6% in the third 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 period. Finally, Coppell Advisory Solutions LLC acquired a new stake in Lincoln Electric in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Lincoln Electric Trading Up 0.7 %

LECO opened at $231.62 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.07 and a quick ratio of 1.31. The company’s 50 day moving average price is $216.46 and its two-hundred day moving average price is $196.82. Lincoln Electric Holdings, Inc. has a fifty-two week low of $152.36 and a fifty-two week high of $232.64. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.63 and a beta of 1.17.

Insiders Place Their Bets

In other news, COO Steven B. Hedlund sold 12,880 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $203.59, for a total value of $2,622,239.20. Following the completion of the transaction, the chief operating officer now directly owns 40,122 shares in the company, valued at $8,168,437.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Christopher L. Mapes sold 68,610 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $207.09, for a total value of $14,208,444.90. Following the sale, the chief executive officer now directly owns 114,620 shares of the company’s stock, valued at $23,736,655.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven B. Hedlund sold 12,880 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $203.59, for a total transaction of $2,622,239.20. Following the sale, the chief operating officer now directly owns 40,122 shares in the company, valued at $8,168,437.98. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on Lincoln Electric

Lincoln Electric 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.

Further Reading

Want to see what other hedge funds are holding LECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report).

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

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