Lincoln Electric Holdings Inc. (NASDAQ:LECO) insider Vincent K. Petrella sold 27,280 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $75.05, for a total transaction of $2,047,364.00. Following the sale, the insider now directly owns 83,892 shares in the company, valued at $6,296,094.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) traded up 0.07% on Wednesday, hitting $75.72. 11,954 shares of the stock traded hands. The firm’s 50-day moving average is $66.97 and its 200 day moving average is $62.85. The firm has a market cap of $5.00 billion, a P/E ratio of 27.23 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.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results 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 firm had revenue of $567 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.89 earnings per share. Equities research analysts forecast that Lincoln Electric Holdings Inc. will post $3.24 EPS for the current fiscal year.

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

The firm also recently declared 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 a boost 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 46.04%.

Several brokerages recently weighed in on LECO. Longbow Research downgraded shares of Lincoln Electric Holdings from a “neutral” rating to an “underperform” rating and set a $57.00 target price on the stock. in a research note on Monday, October 24th. Wellington Shields downgraded shares of Lincoln Electric Holdings to a “hold” rating in a research note on Wednesday, August 24th. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Northcoast Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 15th. Finally, Deutsche Bank AG began coverage on shares of Lincoln Electric Holdings in a research report on Tuesday, September 6th. They issued a “hold” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Lincoln Electric Holdings has an average rating of “Hold” and an average price target of $65.44.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of Lincoln Electric Holdings during the second quarter worth $3,764,000. LS Investment Advisors LLC boosted 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 worth $229,000 after buying an additional 1,578 shares during the period. Nisa Investment Advisors LLC boosted its position 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 worth $1,158,000 after buying an additional 1,600 shares during the period. Marathon Asset Management LLP boosted its position 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 worth $4,874,000 after buying an additional 1,511 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its position 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 worth $1,361,000 after buying an additional 220 shares during the period. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Lincoln Electric Holdings Inc. (LECO) Insider Vincent K. Petrella Sells 27,280 Shares” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/23/lincoln-electric-holdings-inc-leco-insider-vincent-k-petrella-sells-27280-shares.html.

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.