On Wednesday, November 23, Steven B. Hedlund, Chief Operating Officer of Lincoln Electric Holdings, Inc. (NASDAQ: LECO), sold 5,991 shares of the company’s stock. It took an average of $150.10 a share to sell the stock, which brought in a total of $899.249,10. Due to the transaction, the chief operating officer now owns 36,843 shares of the company’s stock. Based on today’s stock price of about $5,530,134.30, these shares have a value of approximately $5,530,134.30. The transaction was made public by a legal filing with the Securities and Exchange Commission, which may be located here for your perusal.
In addition, the company has announced a quarterly dividend, which is scheduled to be distributed on the 13th of this month. On Saturday, December 31, stockholders of record will be eligible to receive dividend payments of $0.64 per share. The date that constitutes the ex-dividend date for this dividend is December 29. The previous quarterly dividend paid by Lincoln Electric was $0.56, increasing the company’s payout. This equates to a dividend payment of $2.56 every year, which results in a dividend yield of 1.72%. Lincoln Electric currently has a dividend payout ratio (DPR) of 30.15 percent.
During Friday’s trading at lunchtime, the NASDAQ: LECO stock price increased by $0.66 to reach $148.95. The number of shares traded was 93,739, much lower than the stock’s average volume of 281,501 shares. The firm has a market value of $8.60 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-to-growth ratio of 1.20, and a beta of 1.15. Lincoln Electric Holdings, Inc. has seen its share price go as low as $118.17 and as high as $150.68 over the past year. The company has a simple moving average of $135.66 for the last 50 days and a simple moving average of $134.48 for the last 200 days. A debt-to-equity ratio of 0.77, a quick ratio of 0.93, and a current ratio of 1.70 are all values that have been calculated.
LECO stock has been bought and sold by several institutional investors and hedge funds in the most recent period. BDO Wealth Advisors LLC invested in Lincoln Electric totaling $27,000 during the third quarter of 2018. In the third quarter, Fred Alger Management LLC purchased an additional interest in Lincoln Electric valued at around $34,000. Lazard Asset Management LLC increased its holdings in its portfolio by purchasing a new position in Lincoln Electric during the first quarter. The value of this new holding was roughly $35,000. IFP Advisors Inc. grew its holdings in Lincoln Electric by 33.2% during the third quarter of this fiscal year. IFP Advisors Inc. now owns 305 shares of the industrial goods company’s stock, worth $46,000 after the business purchased an additional 76 shares during the period in question. Last but not least, during the third quarter, Wipfli Financial Advisors LLC shelled out around 52,000 dollars to acquire a new interest in Lincoln Electric. The company’s stock is owned by hedge funds and other types of institutional investors to the tune of 74.25%.
Several different research firms have lately published LECO reports. Stifel Nicolaus lowered their price target on Lincoln Electric from $137.00 to $136.00 in a research report released on Tuesday, October 11. StockNews.com lowered their recommendation for Lincoln Electric from a “strong buy” to only a “buy” in a report published on Tuesday. The investment research firm Seaport Research Partners reaffirmed its “neutral” recommendation on Lincoln Electric shares in a report published on August 1. The price objective that Robert W. Baird has set for Lincoln Electric has increased by $2, moving from $150.00 to $152.00, as stated in a research report published on Thursday, October 27. Finally, in a research report published on Friday, October 28, Morgan Stanley increased their price objective for Lincoln Electric shares from $135.00 to $140.00. They also gave an “equal weight” rating to the company. The recommendations of three equities research analysts are to hold the stock, while two are to buy the stock. According to the data on Bloomberg.com, Lincoln Electric has an average rating of “Hold,” and the consensus target price is $152.60.
Lincoln Electric Holdings, Inc. creates, develops, manufactures, and distributes products for welding, cutting, and brazing in markets worldwide through its many wholly-owned companies. The corporation is divided into three divisions: Americas Welding, International Welding, and The Harris Products Group. Various arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes, welding accessories, specialty welding consumables, and fabrication products, are all available for purchase.
