The Ex. VP, General Counsel & Secy of Lincoln Electric Holdings (NASDAQ: LECO) is Selling Shares

By Carrie Williams

Today, the Ex. VP, General Counsel & Secy of Lincoln Electric Holdings (NASDAQ: LECO), Frederick Stueber, sold shares of LECO for $321.5K.

Following Frederick Stueber’s last LECO Sell transaction on February 19, 2016, the stock climbed by 17.4%. In addition to Frederick Stueber, 5 other LECO executives reported Sell trades in the last month.

The company has a one year high of $78.08 and a one year low of $45.54. LECO’s market cap is $4.94B and the company has a P/E ratio of 26.89. Currently, Lincoln Electric Holdings has an average volume of 746.4K.

The insider sentiment on Lincoln Electric Holdings has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Lincoln Electric Holdings, Inc. operates as a holding company, which through its subsidiaries manufactures welding, cutting and brazing products. The company also engages in manufacturing a broad line 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 company’s product offering also includes CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia and Africa. The Asia Pacific Welding Segment and South America Welding segment includes welding operations in Asia Pacific and South America, respectively. The Harris Products Group segment includes the company’s global cutting, soldering and brazing businesses as well as the retail business in the United States. Lincoln Electric Holdings was founded in 1998 and is headquartered in Cleveland, OH.