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NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Wednesday as it is currently trading at $41.08, above its previous 52-week high of $41.05 with 118,632 shares traded as of 1:25 p.m. ET. Average volume has been 301,000 shares over the past 30 days. Lincoln Electric has a market cap of $3.34 billion and is part of the industrial goods sector and industrial industry. Shares are up 3.8% year to date as of the close of trading on Tuesday. Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures welding and cutting products worldwide. The company has a P/E ratio of 17.1, above the average industrial industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.