Insider Selling: Lincoln Electric Holdings, Inc. (NASDAQ:LECO) EVP Sells 4,140 Shares of Stock

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Lincoln Electric Holdings, Inc. (NASDAQ:LECO) EVP Gabriel Bruno sold 4,140 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $92.94, for a total value of $384,771.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gabriel Bruno also recently made the following trade(s):

  • On Tuesday, December 3rd, Gabriel Bruno sold 987 shares of Lincoln Electric stock. The stock was sold at an average price of $90.17, for a total value of $88,997.79.

Shares of Lincoln Electric stock traded down $1.29 during trading on Tuesday, hitting $90.30. The company’s stock had a trading volume of 302,398 shares, compared to its average volume of 339,641. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Lincoln Electric Holdings, Inc. has a 52 week low of $72.28 and a 52 week high of $94.54. The stock has a 50-day moving average price of $90.76 and a two-hundred day moving average price of $84.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.17.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.15). The company 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 firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. On average, equities analysts predict that Lincoln Electric Holdings, Inc. will post 4.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.49 dividend. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.17%. Lincoln Electric’s dividend payout ratio is presently 39.00%.

LECO has been the subject of a number of recent research reports. Oppenheimer cut Lincoln Electric from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Stifel Nicolaus cut 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 report on Tuesday, October 8th. BidaskClub raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Seaport Global Securities downgraded Lincoln Electric from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.33.

Several institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments LLC acquired a new position in Lincoln Electric in the second quarter valued at $25,425,000. JPMorgan Chase & Co. boosted its holdings in shares of Lincoln Electric by 19.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,682,402 shares of the industrial products company’s stock worth $135,147,000 after buying an additional 269,842 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Lincoln Electric during the 2nd quarter worth approximately $19,222,000. Schroder Investment Management Group boosted its stake in Lincoln Electric by 48.8% during the second quarter. Schroder Investment Management Group now owns 542,300 shares of the industrial products company’s stock worth $44,642,000 after acquiring an additional 177,800 shares in the last quarter. Finally, FMR LLC boosted its stake in Lincoln Electric by 34,326.9% during the first quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock worth $11,810,000 after acquiring an additional 140,397 shares in the last quarter. Institutional investors own 71.06% 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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