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Lincoln Electric Holdings (NASDAQ:LECO) Director Kathryn Jo Lincoln unloaded 3,100 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $69.03, for a total value of $213,993.00. Following the transaction, the director now directly owns 59,349 shares of the company’s stock, valued at approximately $4,096,861. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at BB&T Corp. upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus target price of $73.33.

Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded up 1.21% on Wednesday, hitting $69.22. 223,124 shares of the company’s stock traded hands. Lincoln Electric Holdings has a 52 week low of $60.94 and a 52 week high of $76.26. The stock has a 50-day moving average of $68.06 and a 200-day moving average of $69.17. The company has a market cap of $5.501 billion and a P/E ratio of 19.41.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Monday, July 28th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.09. The company had revenue of $728.50 million for the quarter, compared to the consensus estimate of $731.50 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Lincoln Electric Holdings will post $3.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, September 26th.

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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