Lincoln Electric Holdings Director G Russell Lincoln Sells 4,000 Shares (LECO)
Lincoln Electric Holdings (NASDAQ:LECO) Director G Russell Lincoln unloaded 4,000 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $70.69, for a total value of $282,760.00. Following the completion of the sale, the director now directly owns 261,827 shares of the company’s stock, valued at approximately $18,508,551. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Lincoln Electric Holdings (NASDAQ:LECO) traded up 0.35% during mid-day trading on Monday, hitting $70.75. 106,954 shares of the company’s stock traded hands. Lincoln Electric Holdings has a 52-week low of $61.13 and a 52-week high of $76.26. The stock’s 50-day moving average is $68. and its 200-day moving average is $69.30. The company has a market cap of $5.622 billion and a P/E ratio of 20.01.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Monday, July 28th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.91 earnings per share. Lincoln Electric Holdings’s revenue was up .5% compared to the same quarter last year. Analysts expect that Lincoln Electric Holdings will post $3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 1.30%. The ex-dividend date is Friday, September 26th.
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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $73.33.
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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