Lincoln Electric Holdings, Inc. (NASDAQ:LECO) VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now directly owns 14,449 shares in the company, valued at $1,279,458.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Lincoln Electric Holdings, Inc. (LECO) traded up 0.36% during midday trading on Wednesday, hitting $89.67. The stock had a trading volume of 254,512 shares. Lincoln Electric Holdings, Inc. has a 52-week low of $59.27 and a 52-week high of $97.97. The company’s 50 day moving average is $86.76 and its 200 day moving average is $88.82. The company has a market cap of $5.91 billion, a PE ratio of 25.92 and a beta of 0.98.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The firm had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.57%. Lincoln Electric Holdings’s payout ratio is 40.46%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC raised its holdings in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after buying an additional 112 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Lincoln Electric Holdings in the second quarter worth approximately $179,000. Global X Management Co. LLC raised its holdings in shares of Lincoln Electric Holdings by 220.0% in the second quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,441 shares during the period. Puzo Michael J purchased a new stake in shares of Lincoln Electric Holdings in the second quarter worth approximately $203,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Lincoln Electric Holdings in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.

A number of equities analysts have commented on the company. Robert W. Baird set a $91.00 price target on Lincoln Electric Holdings and gave the stock a “hold” rating in a research note on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research note on Friday, August 25th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Finally, Zacks Investment Research raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, June 20th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $89.86.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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

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