Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Director Hellene S. Runtagh sold 2,531 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $84.23, for a total value of $213,186.13. Following the completion of the transaction, the director now owns 24,878 shares of the company’s stock, valued at approximately $2,095,473.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of LECO opened at $84.35 on Friday. The stock has a market cap of $5.39 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a quick ratio of 1.63, a current ratio of 2.30 and a debt-to-equity ratio of 0.79. Lincoln Electric Holdings, Inc. has a 12-month low of $72.28 and a 12-month high of $97.93.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, February 14th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.09. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $763.57 million. Lincoln Electric had a return on equity of 33.87% and a net margin of 9.48%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. On average, equities analysts forecast that Lincoln Electric Holdings, Inc. will post 5.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.23%. Lincoln Electric’s dividend payout ratio (DPR) is presently 39.00%.

Several brokerages have commented on LECO. BidaskClub downgraded Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Wellington Shields downgraded Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 target price for the company. in a research note on Friday, February 15th. Vertical Research downgraded Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Friday, February 15th. Finally, Jefferies Financial Group began coverage on Lincoln Electric in a research note on Friday, January 25th. They issued a “buy” rating and a $100.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $96.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Albert D Mason Inc. boosted its position in shares of Lincoln Electric by 1.5% during the 4th quarter. Albert D Mason Inc. now owns 8,845 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 135 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Lincoln Electric by 2.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,316 shares of the industrial products company’s stock valued at $577,000 after buying an additional 191 shares in the last quarter. ETF Managers Group LLC raised its holdings in shares of Lincoln Electric by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,445 shares of the industrial products company’s stock valued at $114,000 after buying an additional 195 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Lincoln Electric by 9.1% during the 4th quarter. Advisor Group Inc. now owns 2,569 shares of the industrial products company’s stock valued at $202,000 after buying an additional 215 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Lincoln Electric by 1.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 18,666 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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