Lincoln Electric Holdings Inc. (NASDAQ:LECO) VP Geoffrey P. Allman sold 3,080 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $72.72, for a total transaction of $223,977.60. Following the completion of the sale, the vice president now directly owns 6,690 shares of the company’s stock, valued at $486,496.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lincoln Electric Holdings Inc. (NASDAQ:LECO) opened at 75.77 on Thursday. The firm has a market cap of $5.00 billion, a P/E ratio of 27.25 and a beta of 0.81. The stock’s 50 day moving average is $65.55 and its 200 day moving average is $62.43. Lincoln Electric Holdings Inc. has a 12-month low of $45.54 and a 12-month high of $78.08.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Friday, October 21st. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The company had revenue of $567 million for the quarter, compared to the consensus estimate of $549.04 million. Lincoln Electric Holdings had a return on equity of 26.69% and a net margin of 8.50%. Lincoln Electric Holdings’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. On average, equities research analysts expect that Lincoln Electric Holdings Inc. will post $3.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, December 28th. Lincoln Electric Holdings’s payout ratio is presently 46.04%.

A number of hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC increased its stake 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Lincoln Electric Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 19,600 shares of the company’s stock valued at $1,158,000 after buying an additional 1,600 shares in the last quarter. Marathon Asset Management LLP increased its stake in shares of Lincoln Electric Holdings by 1.9% in the second quarter. Marathon Asset Management LLP now owns 82,100 shares of the company’s stock valued at $4,874,000 after buying an additional 1,511 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of Lincoln Electric Holdings by 1.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 23,040 shares of the company’s stock valued at $1,361,000 after buying an additional 220 shares in the last quarter. Finally, CT Mason increased its stake in shares of Lincoln Electric Holdings by 15.7% in the second quarter. CT Mason now owns 24,804 shares of the company’s stock valued at $1,465,000 after buying an additional 3,363 shares in the last quarter. Institutional investors own 67.72% of the company’s stock.

A number of analysts recently weighed in on LECO shares. Wunderlich lowered their price objective on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Barclays PLC reaffirmed an “equal weight” rating and issued a $55.00 price objective on shares of Lincoln Electric Holdings in a research note on Wednesday, July 27th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Wellington Shields upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a report on Wednesday, August 3rd. Finally, TheStreet upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Lincoln Electric Holdings presently has an average rating of “Hold” and an average target price of $65.44.

Lincoln Electric Holdings Company Profile

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.

5 Day Chart for NASDAQ:LECO

Receive News & Stock Ratings for Lincoln Electric Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric Holdings Inc. and related stocks with our FREE daily email newsletter.