ProShare Advisors LLC Has $37.03 Million Stock Holdings in Lincoln Electric Holdings, Inc. $LECO

ProShare Advisors LLC decreased its holdings in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 14.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 157,014 shares of the industrial products company’s stock after selling 26,129 shares during the period. ProShare Advisors LLC’s holdings in Lincoln Electric were worth $37,029,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in shares of Lincoln Electric by 7.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,652 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 192 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Lincoln Electric by 3.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,821 shares of the industrial products company’s stock worth $427,000 after buying an additional 54 shares during the last quarter. Portside Wealth Group LLC grew its stake in Lincoln Electric by 6.4% in the 3rd quarter. Portside Wealth Group LLC now owns 1,207 shares of the industrial products company’s stock valued at $285,000 after buying an additional 73 shares during the last quarter. Bessemer Group Inc. raised its holdings in Lincoln Electric by 6.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,823 shares of the industrial products company’s stock worth $666,000 after acquiring an additional 183 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Lincoln Electric during the 3rd quarter worth $5,005,000. 79.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LECO shares. Roth Mkm reaffirmed a “buy” rating and issued a $297.00 price target (up from $285.00) on shares of Lincoln Electric in a research report on Tuesday, February 3rd. Stifel Nicolaus raised their target price on Lincoln Electric from $252.00 to $253.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Wall Street Zen lowered Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley lowered their price objective on shares of Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Finally, Barclays boosted their target price on shares of Lincoln Electric from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $297.60 on Tuesday. Lincoln Electric Holdings, Inc. has a 1-year low of $161.11 and a 1-year high of $301.14. The firm has a market capitalization of $16.38 billion, a PE ratio of 31.86, a PEG ratio of 1.86 and a beta of 1.26. The business’s 50 day moving average is $253.69 and its 200-day moving average is $242.64. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81.

About Lincoln Electric

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.