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 230 of common stock as of 2017-08-07.
The acquisition brings the aggregate amount owned by Baillie Gifford & Co to a total of 230 representing a 3.50% in the company.
For those not familiar with the company, Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia. The Harris Products Group includes the Company’s global cutting, soldering and brazing businesses, as well as the retail business in the United States. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication. Its product offerings also include computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing.
A glance at Lincoln Electric Holdings Inc (NASDAQ:LECO)’s key stats reveals a current market capitalization of 5.81B based on 65.91M shares outstanding and a price at last close of 88.19.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2013-08-01, Mason picked up 5,000 at a purchase price of $60.00 per share.This brings their total holding to 5,582 as of the date of the filing.
On the sell side, the most recent transaction saw Hedlund unload 3,440 shares at a sale price of $94.29. This brings their total holding to 21,050.
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. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.