The SVP, Strategy & Business Devel of Lincoln Electric Holdings (NASDAQ: LECO) is Buying Shares

Yesterday, the SVP, Strategy & Business Devel of Lincoln Electric Holdings (LECOResearch Report), Geoffrey Allman, bought shares of LECO for $207.6K.

This recent transaction increases Geoffrey Allman’s holding in the company by 35.25% to a total of $968.1K. Following Geoffrey Allman’s last LECO Buy transaction on August 13, 2020, the stock climbed by 17.7%.

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The company has a one-year high of $114.83 and a one-year low of $59.30. Currently, Lincoln Electric Holdings has an average volume of 334.97K. LECO’s market cap is $6.81 billion and the company has a P/E ratio of 34.00.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $111.67, reflecting a 3.1% upside.

In the last 30 days, insiders have sold $5.86M worth of LECO shares and purchased $2.48M worth of LECO shares. The insider sentiment on Lincoln Electric Holdings has been negative according to 97 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.