Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 13.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,964 shares of the industrial products company's stock after selling 11,203 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.12% of Lincoln Electric worth $13,434,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its position in shares of Lincoln Electric by 3.0% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company's stock worth $316,000 after purchasing an additional 48 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Lincoln Electric by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company's stock worth $316,000 after purchasing an additional 51 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Lincoln Electric by 4.8% during the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company's stock worth $250,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company's stock worth $27,000 after purchasing an additional 68 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Lincoln Electric by 3.1% in the 3rd quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company's stock valued at $454,000 after buying an additional 71 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction of $193,556.00. Following the transaction, the senior vice president now owns 11,178 shares of the company's stock, valued at approximately $1,966,880.88. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LECO. Robert W. Baird dropped their target price on Lincoln Electric from $220.00 to $212.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus upped their target price on Lincoln Electric from $184.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. StockNews.com upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Monday. Finally, KeyCorp upped their target price on Lincoln Electric from $210.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Lincoln Electric Trading Up 0.9 %

Shares of Lincoln Electric stock traded up $1.86 during trading hours on Friday, hitting $218.48. The company's stock had a trading volume of 108,069 shares, compared to its average volume of 315,826. Lincoln Electric Holdings, Inc. has a twelve month low of $169.51 and a twelve month high of $261.13. The firm has a fifty day moving average of $200.11 and a 200-day moving average of $196.57. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. During the same quarter in the prior year, the company posted $2.40 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. Research analysts forecast that Lincoln Electric Holdings, Inc. will post 8.75 EPS for the current year.

Lincoln Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.75 per share. This is a positive change from Lincoln Electric's previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. This represents a $3.00 annualized dividend and a yield of 1.37%. Lincoln Electric's dividend payout ratio is presently 35.80%.

Lincoln Electric Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.