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NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Thursday as it is currently trading at $39.64, above its previous 52-week high of $39.62 with 23,376 shares traded as of 9:55 a.m. ET. Average volume has been 351,800 shares over the past 30 days. Lincoln Electric has a market cap of $3.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 21% year to date as of the close of trading on Wednesday. Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures welding and cutting products worldwide. The company has a P/E ratio of 15.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.