Lincoln Electric Holdings, Inc. $LECO Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,883 shares of the industrial products company’s stock after selling 2,508 shares during the quarter. Lincoln Electric accounts for 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 28th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Lincoln Electric were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC acquired a new stake in Lincoln Electric during the 3rd quarter worth $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Lincoln Electric by 3,700.0% in the third quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Root Financial Partners LLC acquired a new position in Lincoln Electric in the 3rd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Lincoln Electric by 82.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in Lincoln Electric by 3,860.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 193 shares during the period. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Lincoln Electric from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Zacks Research lowered Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Morgan Stanley dropped their price objective on Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln Electric in a research report on Thursday, January 22nd. Finally, Roth Mkm set a $285.00 price target on Lincoln Electric and gave the company a “buy” rating in a research report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $253.00.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $267.77 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.07 and a current ratio of 1.71. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.26. Lincoln Electric Holdings, Inc. has a one year low of $161.11 and a one year high of $268.13. The company has a 50 day moving average price of $247.32 and a 200 day moving average price of $239.44.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.14 EPS. Sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.

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.