Insider Selling: Lincoln Electric Holdings, Inc. (NASDAQ:LECO) VP Sells 53,305 Shares of Stock

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) VP George D. Blankenship sold 53,305 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $82.67, for a total transaction of $4,406,724.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

LECO stock traded up $0.08 during mid-day trading on Thursday, reaching $82.73. 214 shares of the stock traded hands, compared to its average volume of 446,090. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.84. Lincoln Electric Holdings, Inc. has a 52-week low of $72.28 and a 52-week high of $97.93. The company has a market cap of $5.13 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.45 and a beta of 1.24. The stock’s fifty day moving average is $83.56 and its 200-day moving average is $84.13.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Lincoln Electric had a net margin of 10.42% and a return on equity of 36.16%. The firm had revenue of $777.01 million for the quarter, compared to analysts’ expectations of $786.03 million. During the same period in the prior year, the company posted $1.22 earnings per share. Lincoln Electric’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts expect that Lincoln Electric Holdings, Inc. will post 5.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, September 27th. Lincoln Electric’s dividend payout ratio is presently 39.00%.

A number of brokerages have weighed in on LECO. Robert W. Baird raised shares of Lincoln Electric from a “neutral” rating to an “outperform” rating and upped their price target for the company from $93.00 to $100.00 in a report on Friday, July 12th. BidaskClub lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research raised shares of Lincoln Electric from a “sell” rating to a “hold” rating and set a $87.00 price objective for the company in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Lincoln Electric presently has a consensus rating of “Hold” and a consensus price target of $95.56.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Lincoln Electric by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 767,756 shares of the industrial products company’s stock worth $60,537,000 after purchasing an additional 39,548 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Lincoln Electric by 13.3% during the first quarter. Nisa Investment Advisors LLC now owns 17,069 shares of the industrial products company’s stock worth $1,432,000 after purchasing an additional 2,000 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Lincoln Electric by 4.1% during the first quarter. Cambridge Trust Co. now owns 7,448 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 291 shares in the last quarter. Brinker Capital Inc. increased its stake in shares of Lincoln Electric by 6.1% during the first quarter. Brinker Capital Inc. now owns 12,175 shares of the industrial products company’s stock worth $1,024,000 after purchasing an additional 699 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Lincoln Electric by 2.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,464 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 148 shares in the last quarter. 77.32% of the stock is owned by institutional investors.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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