Lincoln Electric Holdings, Inc. (NASDAQ:LECO) SVP Michael J. Whitehead sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $90.08, for a total transaction of $90,080.00. Following the completion of the transaction, the senior vice president now directly owns 8,670 shares of the company’s stock, valued at approximately $780,993.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NASDAQ LECO opened at $90.39 on Friday. The firm has a 50-day moving average of $85.66 and a 200-day moving average of $82.72. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.01 and a current ratio of 1.77. The stock has a market cap of $5.37 billion, a PE ratio of 25.39, a P/E/G ratio of 2.56 and a beta of 1.23. Lincoln Electric Holdings, Inc. has a 52-week low of $59.29 and a 52-week high of $98.32.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Monday, July 27th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.45. The company had revenue of $590.70 million during the quarter, compared to analysts’ expectations of $556.14 million. Lincoln Electric had a net margin of 7.93% and a return on equity of 33.45%. Lincoln Electric’s quarterly revenue was down 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. As a group, analysts predict that Lincoln Electric Holdings, Inc. will post 3.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, September 29th. Lincoln Electric’s dividend payout ratio (DPR) is 41.70%.

A number of research firms recently weighed in on LECO. Barclays reaffirmed a “hold” rating and issued a $75.00 target price on shares of Lincoln Electric in a research report on Thursday, April 16th. BidaskClub raised shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Zacks Investment Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $76.00 price objective for the company. in a research report on Tuesday, April 7th. Morgan Stanley raised their target price on shares of Lincoln Electric from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Finally, TheStreet upgraded shares of Lincoln Electric from a “c+” rating to a “b-” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.20.

A number of institutional investors have recently modified their holdings of the business. M&T Bank Corp grew its holdings in shares of Lincoln Electric by 0.6% during the 1st quarter. M&T Bank Corp now owns 22,647 shares of the industrial products company’s stock valued at $1,562,000 after purchasing an additional 142 shares during the last quarter. Boston Family Office LLC grew its holdings in shares of Lincoln Electric by 0.4% during the 1st quarter. Boston Family Office LLC now owns 43,381 shares of the industrial products company’s stock valued at $2,993,000 after purchasing an additional 180 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Lincoln Electric by 0.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,374 shares of the industrial products company’s stock valued at $2,053,000 after purchasing an additional 213 shares during the last quarter. Garrison Asset Management LLC grew its holdings in shares of Lincoln Electric by 0.8% during the 1st quarter. Garrison Asset Management LLC now owns 39,995 shares of the industrial products company’s stock valued at $2,760,000 after purchasing an additional 304 shares during the last quarter. Finally, ETF Managers Group LLC grew its holdings in shares of Lincoln Electric by 11.3% during the 1st quarter. ETF Managers Group LLC now owns 3,301 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 74.40% 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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