Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance

Is Lincoln Electric Holdings, Inc. (LECO) A Good Stock To Buy?

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of September 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Lincoln Electric Holdings, Inc. (NASDAQ:LECO).

Is Lincoln Electric Holdings, Inc. (LECO) a good stock to buy? The smart money was taking an optimistic view. The number of bullish hedge fund positions inched up by 1 recently. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was in 21 hedge funds' portfolios at the end of the third quarter of 2021. The all time high for this statistic is 26. Our calculations also showed that LECO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 20 hedge funds in our database with LECO positions at the end of the second quarter.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind let's go over the key hedge fund action encompassing Lincoln Electric Holdings, Inc. (NASDAQ:LECO).