Lincoln Electric Holdings Inc. (NASDAQ:LECO) VP Frederick G. Stueber sold 4,171 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $77.08, for a total transaction of $321,500.68. Following the sale, the vice president now directly owns 27,751 shares of the company’s stock, valued at approximately $2,139,047.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) opened at 78.05 on Tuesday. The company has a market cap of $5.15 billion, a P/E ratio of 28.07 and a beta of 0.81. Lincoln Electric Holdings Inc. has a 12 month low of $45.54 and a 12 month high of $78.08. The company’s 50-day moving average price is $64.77 and its 200-day moving average price is $62.24.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Friday, October 21st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Lincoln Electric Holdings had a return on equity of 26.69% and a net margin of 8.50%. The business had revenue of $567 million for the quarter, compared to analyst estimates of $549.04 million. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was down 12.0% on a year-over-year basis. Equities analysts forecast that Lincoln Electric Holdings Inc. will post $3.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Saturday, December 31st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, December 28th. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. Lincoln Electric Holdings’s dividend payout ratio is 46.04%.

Several institutional investors have recently made changes to their positions in LECO. Pax World Management LLC acquired a new position in shares of Lincoln Electric Holdings during the second quarter valued at approximately $10,634,000. Advisory Services Network LLC raised its position in shares of Lincoln Electric Holdings by 3.6% in the second quarter. Advisory Services Network LLC now owns 5,780 shares of the company’s stock valued at $341,000 after buying an additional 200 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Lincoln Electric Holdings by 2.2% in the second quarter. Commonwealth Equity Services Inc now owns 9,302 shares of the company’s stock valued at $550,000 after buying an additional 203 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Lincoln Electric Holdings during the first quarter valued at approximately $2,762,000. Finally, LS Investment Advisors LLC raised its position in shares of Lincoln Electric Holdings by 68.6% in the second quarter. LS Investment Advisors LLC now owns 3,877 shares of the company’s stock valued at $229,000 after buying an additional 1,578 shares during the period. 67.72% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $55.00 price target on shares of Lincoln Electric Holdings in a research report on Wednesday, July 27th. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Wunderlich reduced their price target on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Wellington Shields downgraded Lincoln Electric Holdings to a “hold” rating in a research note on Wednesday, August 24th. Finally, TheStreet upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Lincoln Electric Holdings presently has a consensus rating of “Hold” and an average target price of $65.44.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

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