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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 $42.39, above its previous 52-week high of $42.37 with 91,175 shares traded as of 2:09 p.m. ET. Average volume has been 297,300 shares over the past 30 days. Lincoln Electric has a market cap of $3.47 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.3% 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 17.5, above the average industrial industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.