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NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Friday as it is currently trading at $46.91, above its previous 52-week high of $45.93 with 24,678 shares traded as of 9:35 a.m. ET. Average volume has been 280,900 shares over the past 30 days. Lincoln Electric has a market cap of $3.52 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.2% year to date as of the close of trading on Thursday. Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures welding and cutting products worldwide. The company has a P/E ratio of 18.9, above the average industrial industry P/E ratio of 17.6 and above the S&P 500 P/E ratio of 17.7.