Representative Jared Moskowitz (D-Florida) recently sold shares of Lincoln Electric Holdings, Inc. NASDAQ: LECO. In a filing disclosed on May 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lincoln Electric stock on April 7th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (1)" account.
Representative Jared Moskowitz also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 4/16/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 4/10/2025.
- Sold $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
- Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
- Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Sherwin-Williams NYSE: SHW on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/7/2025.
Lincoln Electric Trading Up 1.1%
LECO traded up $2.16 on Thursday, reaching $197.92. 480,627 shares of the company's stock were exchanged, compared to its average volume of 332,681. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. Lincoln Electric Holdings, Inc. has a twelve month low of $161.11 and a twelve month high of $229.12. The company's 50 day moving average is $185.23 and its 200-day moving average is $195.58.
Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.06). The firm had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $2.23 EPS. Equities analysts predict that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current year.
Lincoln Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.75 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.52%. Lincoln Electric's dividend payout ratio (DPR) is 36.99%.
Institutional Investors Weigh In On Lincoln Electric
Institutional investors and hedge funds have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC bought a new position in shares of Lincoln Electric during the first quarter valued at approximately $261,000. Cubist Systematic Strategies LLC boosted its position in Lincoln Electric by 576.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 78,840 shares of the industrial products company's stock valued at $14,913,000 after purchasing an additional 67,187 shares during the period. Royal Bank of Canada grew its stake in Lincoln Electric by 2.1% during the 1st quarter. Royal Bank of Canada now owns 54,709 shares of the industrial products company's stock worth $10,349,000 after buying an additional 1,143 shares during the last quarter. Alamea Verwaltungs GmbH bought a new position in Lincoln Electric during the 1st quarter worth $543,000. Finally, Vident Advisory LLC acquired a new stake in Lincoln Electric in the first quarter worth $256,000. Institutional investors and hedge funds own 79.61% of the company's stock.
Insider Buying and Selling at Lincoln Electric
In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $215.47, for a total transaction of $4,536,505.38. Following the sale, the chief executive officer now directly owns 54,660 shares in the company, valued at approximately $11,777,590.20. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on LECO shares. StockNews.com upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Morgan Stanley upped their target price on shares of Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Robert W. Baird decreased their price target on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Barclays upped their price objective on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, KeyCorp decreased their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $216.17.
View Our Latest Report on Lincoln Electric
About Representative Moskowitz
Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the 2026 election.
Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.
Lincoln Electric Company Profile
(
Get Free Report)
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.
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