Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Free Report) EVP Michael Whitehead sold 845 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the completion of the transaction, the executive vice president directly owned 9,319 shares of the company’s stock, valued at $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lincoln Electric Stock Up 2.2%
LECO stock opened at $275.37 on Friday. The stock has a market capitalization of $15.09 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.21. Lincoln Electric Holdings, Inc. has a 52 week low of $199.13 and a 52 week high of $310.00. The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $262.05 and a 200 day moving average of $260.79.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. Lincoln Electric’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 EPS. Sell-side analysts forecast that Lincoln Electric Holdings, Inc. will post 10.82 earnings per share for the current year.
Lincoln Electric Announces Dividend
Hedge Funds Weigh In On Lincoln Electric
A number of institutional investors have recently modified their holdings of LECO. Elyxium Wealth LLC purchased a new position in Lincoln Electric during the fourth quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in shares of Lincoln Electric during the 4th quarter valued at approximately $46,000. Geneos Wealth Management Inc. increased its holdings in shares of Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Lincoln Electric in the 4th quarter valued at $64,000. Finally, United Community Bank acquired a new position in shares of Lincoln Electric in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on LECO. Weiss Ratings raised Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. Wall Street Zen lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Morgan Stanley reissued an “underweight” rating and issued a $250.00 price objective on shares of Lincoln Electric in a report on Monday, May 4th. Barclays raised their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus set a $275.00 target price on Lincoln Electric in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $299.00.
Check Out Our Latest Stock Report on LECO
Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.
Founded in 1895 by John C.
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