Lincoln Electric Holdings, Inc. (NASDAQ:LECO) VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the sale, the vice president now owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded up 0.72% during midday trading on Thursday, hitting $90.32. 71,437 shares of the stock were exchanged. The firm’s 50 day moving average price is $86.76 and its 200 day moving average price is $88.82. The company has a market cap of $5.95 billion, a PE ratio of 26.10 and a beta of 0.98. Lincoln Electric Holdings, Inc. has a 12 month low of $59.27 and a 12 month high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. On average, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.56%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 40.46%.

TRADEMARK VIOLATION WARNING: “Lincoln Electric Holdings, Inc. (LECO) VP Michele R. Kuhrt Sells 3,080 Shares of Stock” was first posted by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/09/14/lincoln-electric-holdings-inc-leco-vp-michele-r-kuhrt-sells-3080-shares-of-stock.html.

A number of equities research analysts have weighed in on LECO shares. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Tuesday, June 20th. Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, August 4th. FBR & Co restated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Finally, ValuEngine upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $89.86.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC raised its stake in shares of Lincoln Electric Holdings by 6.6% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 112 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Lincoln Electric Holdings during the 2nd quarter worth approximately $179,000. Global X Management Co. LLC raised its stake in shares of Lincoln Electric Holdings by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,441 shares in the last quarter. Puzo Michael J bought a new position in shares of Lincoln Electric Holdings during the 2nd quarter worth approximately $203,000. Finally, CIBC Asset Management Inc bought a new position in shares of Lincoln Electric Holdings during the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 64.68% 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.

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

Receive News & Ratings for Lincoln Electric Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.