Campbell & CO Investment Adviser LLC Makes New $527,000 Investment in Lincoln Electric Holdings, Inc. $LECO

Campbell & CO Investment Adviser LLC bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) during the third quarter, HoldingsChannel.com reports. The firm bought 2,236 shares of the industrial products company’s stock, valued at approximately $527,000.

Several other hedge funds also recently made changes to their positions in the business. Panagora Asset Management Inc. boosted its stake in shares of Lincoln Electric by 3.9% in the second quarter. Panagora Asset Management Inc. now owns 1,156 shares of the industrial products company’s stock valued at $240,000 after buying an additional 43 shares during the period. Kera Capital Partners Inc. raised its holdings in Lincoln Electric by 2.8% in the 3rd quarter. Kera Capital Partners Inc. now owns 1,692 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 46 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Lincoln Electric by 2.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,752 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 47 shares during the period. YANKCOM Partnership grew its holdings in shares of Lincoln Electric by 8.7% during the 2nd quarter. YANKCOM Partnership now owns 601 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 48 shares in the last quarter. Finally, Claret Asset Management Corp increased its position in shares of Lincoln Electric by 5.0% in the second quarter. Claret Asset Management Corp now owns 1,112 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 53 shares during the period. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Price Performance

LECO stock opened at $259.19 on Thursday. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 1.58 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. The company has a 50 day simple moving average of $242.99 and a 200 day simple moving average of $237.94. Lincoln Electric Holdings, Inc. has a 1 year low of $161.11 and a 1 year high of $264.87.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, October 30th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Lincoln Electric had a net margin of 12.56% and a return on equity of 40.33%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LECO. Wall Street Zen downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln Electric in a research report on Wednesday, October 8th. Stifel Nicolaus cut their price target on shares of Lincoln Electric from $265.00 to $252.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Zacks Research cut shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley lowered their price objective on shares of Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.50.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.