Lincoln Electric Holdings Inc. (NASDAQ:LECO) VP Frederick G. Stueber sold 10,910 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $75.15, for a total transaction of $819,886.50. Following the sale, the vice president now directly owns 38,661 shares of the company’s stock, valued at $2,905,374.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) traded up 0.76% during mid-day trading on Tuesday, hitting $75.67. 424,455 shares of the company were exchanged. The company has a 50 day moving average of $66.62 and a 200 day moving average of $62.74. Lincoln Electric Holdings Inc. has a 52 week low of $45.54 and a 52 week high of $78.08. The company has a market capitalization of $5.00 billion, a P/E ratio of 27.21 and a beta of 0.81.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Friday, October 21st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The business earned $567 million during the quarter, compared to analyst estimates of $549.04 million. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. Lincoln Electric Holdings’s revenue was down 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Equities analysts anticipate that Lincoln Electric Holdings Inc. will post $3.24 earnings per share for the current year.

Insider Buying and Selling by Quarter for Lincoln Electric Holdings (NASDAQ:LECO)

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

A number of equities research analysts have issued reports on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $55.00 price objective 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. Wellington Shields downgraded shares of Lincoln Electric Holdings to a “hold” rating in a research report on Wednesday, August 24th. TheStreet raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, Northcoast Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.44.

Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in Lincoln Electric Holdings by 19.2% in the third quarter. Huntington National Bank now owns 1,800 shares of the company’s stock worth $113,000 after buying an additional 290 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Lincoln Electric Holdings by 1.1% in the second quarter. Johnson Financial Group Inc. now owns 2,250 shares of the company’s stock worth $133,000 after buying an additional 25 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Lincoln Electric Holdings by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,191 shares of the company’s stock worth $137,000 after buying an additional 235 shares in the last quarter. D.A. Davidson & CO. raised its stake in Lincoln Electric Holdings by 299.5% in the third quarter. D.A. Davidson & CO. now owns 2,417 shares of the company’s stock worth $151,000 after buying an additional 1,812 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Lincoln Electric Holdings by 61.5% in the third quarter. Riverhead Capital Management LLC now owns 2,700 shares of the company’s stock worth $169,000 after buying an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 67.27% of the company’s stock.

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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.

5 Day Chart for NASDAQ:LECO

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