Lincoln Electric Holdings, Inc. (NASDAQ:LECO) SVP Michael J. Whitehead sold 5,989 shares of Lincoln Electric stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $92.87, for a total value of $556,198.43. Following the completion of the sale, the senior vice president now directly owns 8,978 shares of the company’s stock, valued at $833,786.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NASDAQ:LECO opened at $92.03 on Friday. Lincoln Electric Holdings, Inc. has a 12-month low of $72.28 and a 12-month high of $94.54. The company has a quick ratio of 1.17, a current ratio of 1.89 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $5.68 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.76 and a beta of 1.23. The stock’s fifty day simple moving average is $87.38 and its 200-day simple moving average is $83.86.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.15). The business had revenue of $730.80 million for the quarter, compared to the consensus estimate of $750.21 million. Lincoln Electric had a return on equity of 36.00% and a net margin of 10.50%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, equities research analysts expect that Lincoln Electric Holdings, Inc. will post 4.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, December 30th. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 2.13%. Lincoln Electric’s payout ratio is currently 39.00%.

Several equities research analysts have recently commented on the company. Seaport Global Securities cut Lincoln Electric from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 18th. BidaskClub upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lowered Lincoln Electric from a “buy” rating to a “hold” rating and reduced their price target for the stock from $97.00 to $84.00 in a research report on Tuesday, October 8th. Oppenheimer lowered Lincoln Electric from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird upgraded Lincoln Electric from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $93.00 to $100.00 in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Lincoln Electric has an average rating of “Hold” and an average price target of $91.33.

Hedge funds have recently bought and sold shares of the business. Marathon Asset Management LLP lifted its holdings in Lincoln Electric by 9.8% during the second quarter. Marathon Asset Management LLP now owns 289,117 shares of the industrial products company’s stock worth $23,936,000 after acquiring an additional 25,811 shares in the last quarter. BTIM Corp. lifted its holdings in Lincoln Electric by 0.3% during the second quarter. BTIM Corp. now owns 498,039 shares of the industrial products company’s stock worth $40,998,000 after acquiring an additional 1,342 shares in the last quarter. Arizona State Retirement System lifted its holdings in Lincoln Electric by 0.4% during the second quarter. Arizona State Retirement System now owns 45,578 shares of the industrial products company’s stock worth $3,752,000 after acquiring an additional 169 shares in the last quarter. Cambridge Trust Co. lifted its holdings in Lincoln Electric by 3.9% during the second quarter. Cambridge Trust Co. now owns 7,738 shares of the industrial products company’s stock worth $637,000 after acquiring an additional 290 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Lincoln Electric by 94.0% during the second quarter. Advisory Services Network LLC now owns 481 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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

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