Lincoln Electric Holdings, Inc. (LECO) Director William E. Macdonald III Sells 5,500 Shares

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Director William E. Macdonald III sold 5,500 shares of Lincoln Electric Holdings stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $89.71, for a total transaction of $493,405.00. Following the completion of the transaction, the director now owns 17,416 shares of the company’s stock, valued at approximately $1,562,389.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up 1.85% during midday trading on Friday, hitting $88.65. 83,661 shares of the stock were exchanged. The firm has a market cap of $5.83 billion, a PE ratio of 29.68 and a beta of 0.88. Lincoln Electric Holdings, Inc. has a 52-week low of $56.02 and a 52-week high of $91.29. The firm’s 50-day moving average is $87.81 and its 200 day moving average is $82.23.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The company had revenue of $580.90 million during the quarter, compared to analysts’ expectations of $568.31 million. Lincoln Electric Holdings had a return on equity of 26.69% and a net margin of 8.50%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. On average, analysts forecast that Lincoln Electric Holdings, Inc. will post $3.67 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, June 28th. Lincoln Electric Holdings’s payout ratio is currently 50.36%.

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Several equities analysts recently commented on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $82.00 price objective (up previously from $75.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price objective (up previously from $86.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $78.00 price objective on shares of Lincoln Electric Holdings in a research note on Monday, April 17th. Deutsche Bank AG dropped their target price on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.43.

Hedge funds have recently modified their holdings of the stock. Meadow Creek Investment Management LLC boosted its stake 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 valued at $157,000 after buying an additional 112 shares during the last quarter. Johnson Financial Group Inc. boosted its position in Lincoln Electric Holdings by 157.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,250 shares of the industrial products company’s stock worth $173,000 after buying an additional 1,375 shares in the last quarter. Park National Corp OH acquired a new position in Lincoln Electric Holdings during the first quarter worth $206,000. Neuburgh Advisers LLC boosted its position in Lincoln Electric Holdings by 6.6% in the first quarter. Neuburgh Advisers LLC now owns 2,486 shares of the industrial products company’s stock worth $216,000 after buying an additional 154 shares in the last quarter. Finally, Commerce Bank acquired a new position in Lincoln Electric Holdings during the first quarter worth $219,000. Institutional investors own 66.32% of the company’s stock.

Lincoln Electric Holdings Company Profile

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.

5 Day Chart for NASDAQ:LECO

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