Rep. Jefferson Shreve Sells Off Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Lincoln Electric Holdings, Inc. NASDAQ: LECO. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lincoln Electric stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Lincoln Electric Stock Down 0.7 %

NASDAQ:LECO traded down $1.34 on Friday, hitting $185.87. 287,739 shares of the company's stock were exchanged, compared to its average volume of 331,062. The company has a market cap of $10.38 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. Lincoln Electric Holdings, Inc. has a 52 week low of $161.11 and a 52 week high of $238.47. The firm has a 50-day moving average price of $185.37 and a 200-day moving average price of $195.54. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.25.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The company had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same quarter in the prior year, the firm earned $2.23 earnings per share. Lincoln Electric's revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The company also recently declared 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 of this dividend is Monday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.61%. Lincoln Electric's dividend payout ratio (DPR) is 36.99%.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, CEO Steven B. Hedlund sold 21,054 shares of Lincoln Electric stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LECO. PNC Financial Services Group Inc. raised its holdings in shares of Lincoln Electric by 0.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,199 shares of the industrial products company's stock worth $3,974,000 after acquiring an additional 53 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Lincoln Electric by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 1,737 shares of the industrial products company's stock valued at $326,000 after purchasing an additional 54 shares during the period. IFP Advisors Inc grew its position in shares of Lincoln Electric by 7.5% during the 4th quarter. IFP Advisors Inc now owns 806 shares of the industrial products company's stock worth $151,000 after buying an additional 56 shares in the last quarter. YANKCOM Partnership raised its stake in Lincoln Electric by 12.2% in the first quarter. YANKCOM Partnership now owns 553 shares of the industrial products company's stock worth $105,000 after buying an additional 60 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Lincoln Electric by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,541 shares of the industrial products company's stock valued at $481,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Robert W. Baird lowered their price objective on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus raised their price target on shares of Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Barclays lifted their price target on shares of Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their target price on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.17.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Lincoln Electric Company 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.

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