GuruFocus - Michael Whitehead, Senior Vice President and President of Global Automation at Lincoln Electric Holdings Inc (NASDAQ:LECO), sold 1,100 shares of the company on September 6, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 11,178 shares of Lincoln Electric Holdings Inc.
Lincoln Electric Holdings Inc is a prominent company in the design, development, and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment, and has a strong position in the brazing and soldering alloys market. This diverse product range serves industries ranging from automotive and general fabrication to heavy industries and beyond.
Over the past year, Michael Whitehead has sold a total of 2,100 shares and has not purchased any shares. The insider transaction history for Lincoln Electric Holdings Inc shows a trend with 0 insider buys and 11 insider sells over the past year.
On the day of the sale, shares of Lincoln Electric Holdings Inc were trading at $175.96. This pricing gives the company a market cap of approximately $9.89 billion. The price-earnings ratio of the stock stands at 19.76, which is below both the industry median of 21.31 and the companys historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $187.70, making the price-to-GF-Value ratio 0.94. This suggests that Lincoln Electric Holdings Inc is Fairly Valued.
This insider sale comes at a time when the stock is perceived as fairly valued based on GF Value, which considers historical trading multiples, adjustments based on the companys past performance, and future business expectations.
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.
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