In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lincoln Electric Holdings Inc. (NASDAQ:LECO) reported that Baillie Gifford & Co. has picked up 517 of common stock as of 2017-01-27.
The acquisition brings the aggregate amount owned by Baillie Gifford & Co. to a total of 517 representing a 7.84% stake in the company.
For those not familiar with the company, Lincoln Electric Holdings, Inc. a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia, Africa and the Middle East. The Asia Pacific Welding segment primarily includes welding operations in China and Australia. The South America Welding segment primarily includes welding operations in Brazil, Colombia and Venezuela.
A glance at Lincoln Electric Holdings Inc. (NASDAQ:LECO)’s key stats reveals a current market capitalization of 5.49 billion based on 66.03 million shares outstanding and a price at last close of $84.06 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-08-01, Mason picked up 5,000 at a purchase price of $60.00. This brings their total holding to 5,582 as of the date of the filing.
On the sell side, the most recent transaction saw Petrella unload 14,828 shares at a sale price of $79.23. This brings their total holding to 56,612.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lincoln Electric Holdings Inc. (NASDAQ:LECO) as things move forward to see if its progress aligns with these transactions.
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