Rep. Jefferson Shreve Sells Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Stock

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 Performance

LECO opened at $194.89 on Tuesday. The company has a market cap of $10.88 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The stock has a 50-day moving average of $185.35 and a 200-day moving average of $195.57. Lincoln Electric Holdings, Inc. has a 52-week low of $161.11 and a 52-week high of $238.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.06). The company had revenue of $365.45 million for the quarter, compared to the consensus estimate of $974.39 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. As a group, equities research analysts forecast that Lincoln Electric Holdings, Inc. will post 9.36 earnings per share for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.54%. Lincoln Electric’s dividend payout ratio (DPR) is presently 36.99%.

Hedge Funds Weigh In On Lincoln Electric

Several large investors have recently added to or reduced their stakes in LECO. Wilmington Savings Fund Society FSB acquired a new position in Lincoln Electric in the 3rd quarter valued at approximately $121,000. GAMMA Investing LLC raised its holdings in shares of Lincoln Electric by 12.7% in the 4th quarter. GAMMA Investing LLC now owns 1,312 shares of the industrial products company’s stock worth $246,000 after buying an additional 148 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Lincoln Electric by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 41,274 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 1,654 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lincoln Electric by 7.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,961 shares of the industrial products company’s stock worth $377,000 after buying an additional 135 shares in the last quarter. Finally, Marcum Wealth LLC raised its holdings in shares of Lincoln Electric by 17.1% in the 4th quarter. Marcum Wealth LLC now owns 4,569 shares of the industrial products company’s stock worth $857,000 after buying an additional 668 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insider Transactions at Lincoln Electric

In other news, CEO Steven B. Hedlund sold 21,054 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $215.47, for a total value of $4,536,505.38. Following the completion of the transaction, the chief executive officer now directly owns 54,660 shares of the company’s stock, valued at approximately $11,777,590.20. This represents a 27.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LECO has been the subject of several recent analyst reports. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. KeyCorp cut their price objective on Lincoln Electric from $245.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Robert W. Baird cut 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 boosted their price objective on Lincoln Electric from $178.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley boosted their price objective on Lincoln Electric from $179.00 to $180.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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 [email protected] 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.