On February 22, 2024, Christopher Mapes, Executive Chairman of Lincoln Electric Holdings Inc (LECO, Financial), executed a sale of 65,894 shares in the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Lincoln Electric Holdings Inc is a global manufacturer of welding, cutting, and brazing products. The company's portfolio includes arc welding equipment, plasma and oxy-fuel cutting equipment, and robotic welding systems. It serves a diverse set of industries ranging from automotive and transportation to infrastructure and heavy fabrication.
Over the past year, the insider has sold a total of 247,812 shares and has not made any purchases. This latest transaction continues a trend of insider sales for the company, with a total of 17 insider sells and no insider buys reported over the same timeframe.
On the date of the sale, shares of Lincoln Electric Holdings Inc were trading at $247.75, resulting in a market capitalization of $14.215 billion. The price-earnings ratio stood at 26.52, above both the industry median of 21.48 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.28, indicating that Lincoln Electric Holdings Inc was considered modestly overvalued when compared to the GF Value of $193.78.
The GF Value is a proprietary valuation metric used by GuruFocus, which incorporates historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
