The EVP; Pres Harris Products Gr. of Lincoln Electric Holdings (NASDAQ: LECO) is Selling Shares

On November 18, the EVP; Pres Harris Products Gr. of Lincoln Electric Holdings (LECOResearch Report), David Nangle, sold shares of LECO for $614.8K.

Following David Nangle’s last LECO Sell transaction on December 05, 2016, the stock climbed by 40.7%. In addition to David Nangle, 3 other LECO executives reported Sell trades in the last month.

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The company has a one-year high of $118.44 and a one-year low of $59.30. LECO’s market cap is $6.74 billion and the company has a P/E ratio of 33.60. Currently, Lincoln Electric Holdings has an average volume of 287.35K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $111.00, reflecting a 3.5% upside.

In the last 30 days, insiders have sold $6.47M worth of LECO shares and purchased $2.48M worth of LECO shares. The insider sentiment on Lincoln Electric Holdings has been negative according to 98 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Nangle’s trades have generated a 7.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Lincoln Electric Holdings, Inc. engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The firm offers CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through the following segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the company’s global cutting, soldering and brazing businesses as well as the retail business in the United States. The company was founded on 1895 and is headquartered in Cleveland, OH.