Lincoln Electric Holdings, Inc. (NASDAQ:LECO) SVP Michael Mintun sold 3,800 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $84.77, for a total value of $322,126.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
LECO traded up $0.89 during trading on Monday, reaching $85.69. The stock had a trading volume of 321,537 shares, compared to its average volume of 346,655. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.28 and a current ratio of 1.98. The business has a 50-day moving average of $83.30 and a 200-day moving average of $83.64. Lincoln Electric Holdings, Inc. has a one year low of $72.28 and a one year high of $97.93. The stock has a market cap of $5.24 billion, a PE ratio of 17.78, a PEG ratio of 1.48 and a beta of 1.23.
Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). The firm had revenue of $777.01 million during the quarter, compared to analysts’ expectations of $786.03 million. Lincoln Electric had a return on equity of 36.16% and a net margin of 10.42%. Lincoln Electric’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. Equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 5.08 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Alpha LLC bought a new position in Lincoln Electric during the first quarter valued at approximately $25,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Lincoln Electric by 338.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 311 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Lincoln Electric by 94.0% in the 2nd quarter. Advisory Services Network LLC now owns 481 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 233 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Lincoln Electric by 12.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,343 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 150 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of Lincoln Electric by 433.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,300 shares during the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. Zacks Investment Research raised Lincoln Electric from a “sell” rating to a “hold” rating and set a $87.00 price target on the stock in a report on Monday, July 1st. BidaskClub lowered Lincoln Electric from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upgraded shares of Lincoln Electric from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $93.00 to $100.00 in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $95.56.
Lincoln Electric Company Profile
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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