Insider Selling: Lincoln Electric Holdings, Inc. (NASDAQ:LECO) EVP Sells 4,140 Shares of Stock

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) EVP Gabriel Bruno sold 4,140 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $92.94, for a total transaction of $384,771.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gabriel Bruno also recently made the following trade(s):

  • On Tuesday, December 3rd, Gabriel Bruno sold 987 shares of Lincoln Electric stock. The stock was sold at an average price of $90.17, for a total transaction of $88,997.79.

NASDAQ LECO opened at $90.30 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. Lincoln Electric Holdings, Inc. has a 1 year low of $72.28 and a 1 year high of $94.54. The company has a market cap of $5.64 billion, a PE ratio of 18.73, a PEG ratio of 1.75 and a beta of 1.24. The stock’s 50-day moving average price is $90.88 and its two-hundred day moving average price is $84.59.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.15). The firm had revenue of $730.80 million during the quarter, compared to analysts’ expectations of $750.21 million. Lincoln Electric had a return on equity of 36.00% and a net margin of 10.50%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. Research analysts forecast that Lincoln Electric Holdings, Inc. will post 4.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.49 dividend. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, December 30th. Lincoln Electric’s dividend payout ratio is currently 39.00%.

A number of research firms recently commented on LECO. Stifel Nicolaus lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating and lowered their price objective for the company from $97.00 to $84.00 in a research note on Tuesday, October 8th. Seaport Global Securities lowered Lincoln Electric from a “buy” rating to a “neutral” rating in a report on Wednesday, September 18th. Oppenheimer cut Lincoln Electric from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, BidaskClub upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $91.33.

Large investors have recently added to or reduced their stakes in the business. Atria Investments LLC purchased a new position in Lincoln Electric during the second quarter valued at approximately $25,425,000. JPMorgan Chase & Co. boosted its position in Lincoln Electric by 19.1% during the second quarter. JPMorgan Chase & Co. now owns 1,682,402 shares of the industrial products company’s stock worth $135,147,000 after purchasing an additional 269,842 shares during the period. Janus Henderson Group PLC grew its holdings in Lincoln Electric by 4.8% during the second quarter. Janus Henderson Group PLC now owns 1,217,080 shares of the industrial products company’s stock valued at $100,190,000 after purchasing an additional 55,850 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Lincoln Electric by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 872,970 shares of the industrial products company’s stock valued at $71,863,000 after purchasing an additional 44,642 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Lincoln Electric by 11.9% in the third quarter. Boston Trust Walden Corp now owns 557,212 shares of the industrial products company’s stock valued at $48,344,000 after purchasing an additional 59,173 shares during the period. 71.06% of the stock is currently 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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Insider Buying and Selling by Quarter for Lincoln Electric (NASDAQ:LECO)

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