Inspire Investing LLC Has $929,000 Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Inspire Investing LLC lifted its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,958 shares of the industrial products company’s stock after purchasing an additional 565 shares during the period. Inspire Investing LLC’s holdings in Lincoln Electric were worth $929,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC increased its position in Lincoln Electric by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 48 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 51 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Lincoln Electric by 4.8% in the third 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 in the last quarter. Nisa Investment Advisors LLC raised its position in 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 worth $1,813,000 after purchasing an additional 70 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in Lincoln Electric by 3.1% during the 3rd quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after buying an additional 71 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Price Performance

Shares of Lincoln Electric stock opened at $198.62 on Friday. The business has a fifty day simple moving average of $199.31 and a 200 day simple moving average of $196.26. The stock has a market cap of $11.21 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. Lincoln Electric Holdings, Inc. has a 12 month low of $169.51 and a 12 month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 earnings per share. Research analysts predict that Lincoln Electric Holdings, Inc. will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LECO shares. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. KeyCorp lifted their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus upped their target price on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $230.75.

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.