Louisiana State Employees Retirement System lowered its holdings in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,600 shares of the industrial products company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Lincoln Electric were worth $1,429,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Lord Abbett & CO. LLC raised its position in Lincoln Electric by 0.3% in the second quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock valued at $2,689,000 after purchasing an additional 100 shares during the period. Ameritas Investment Partners Inc. raised its position in Lincoln Electric by 0.7% in the second quarter. Ameritas Investment Partners Inc. now owns 41,508 shares of the industrial products company’s stock valued at $3,822,000 after purchasing an additional 302 shares during the period. Neuberger Berman Group LLC raised its position in Lincoln Electric by 11.4% in the second quarter. Neuberger Berman Group LLC now owns 3,533 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 361 shares during the period. Voya Investment Management LLC raised its position in Lincoln Electric by 0.5% in the second quarter. Voya Investment Management LLC now owns 78,019 shares of the industrial products company’s stock valued at $7,185,000 after purchasing an additional 389 shares during the period. Finally, Suntrust Banks Inc. raised its position in Lincoln Electric by 11.8% in the second quarter. Suntrust Banks Inc. now owns 4,041 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 425 shares during the period. Institutional investors own 63.64% of the company’s stock.

LECO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, September 26th. ValuEngine downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 price objective on shares of Lincoln Electric in a report on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $92.00 price objective on shares of Lincoln Electric in a report on Friday, October 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Lincoln Electric in a report on Friday, October 20th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $102.63.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) opened at $100.01 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $6,576.26, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.99 and a beta of 1.08. Lincoln Electric Holdings, Inc. has a 1-year low of $80.15 and a 1-year high of $100.68.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. Lincoln Electric’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. research analysts forecast that Lincoln Electric Holdings, Inc. will post 3.75 earnings per share for the current fiscal year.

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About Lincoln Electric

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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

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