Greenleaf Trust Has $459,000 Stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Greenleaf Trust grew its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,447 shares of the industrial products company’s stock after purchasing an additional 81 shares during the period. Greenleaf Trust’s holdings in Lincoln Electric were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Lincoln Electric by 1.5% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,058 shares of the industrial products company’s stock worth $2,823,000 after buying an additional 228 shares during the last quarter. KBC Group NV grew its position in Lincoln Electric by 60.8% during the 4th quarter. KBC Group NV now owns 2,368 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 895 shares during the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 96 shares in the last quarter. Fifth Third Bancorp raised its position in Lincoln Electric by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 54 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Lincoln Electric by 12.9% during the fourth quarter. Inspire Investing LLC now owns 4,958 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 565 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Stock Performance

LECO stock opened at $193.38 on Wednesday. The firm has a market cap of $10.91 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $197.16 and a 200-day moving average price of $196.15. Lincoln Electric Holdings, Inc. has a 1-year low of $169.51 and a 1-year high of $261.13.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LECO shares. Stifel Nicolaus dropped their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, KeyCorp increased their price objective on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Lincoln Electric currently has an average rating of “Moderate Buy” and an average price target of $229.50.

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.