Lincoln Electric Holdings (LECO) Receiving Somewhat Favorable News Coverage, Analysis Shows
Media stories about Lincoln Electric Holdings (NASDAQ:LECO) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lincoln Electric Holdings earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.5752479379393 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently weighed in on the company. BidaskClub lowered Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. FBR & Co reiterated an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Zacks Investment Research lowered Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Deutsche Bank AG upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, August 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 price objective on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus target price of $89.67.
Lincoln Electric Holdings (NASDAQ LECO) traded down 3.12% on Thursday, hitting $85.03. The stock had a trading volume of 442,990 shares. Lincoln Electric Holdings has a 1-year low of $59.27 and a 1-year high of $97.97. The company’s 50 day moving average is $89.93 and its 200-day moving average is $88.43. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 24.58 and a beta of 0.97.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. Lincoln Electric Holdings’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, analysts forecast that Lincoln Electric Holdings will post $3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a yield of 1.65%. Lincoln Electric Holdings’s payout ratio is 40.46%.
In related news, Director Kathryn Jo Lincoln sold 4,290 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total value of $409,394.70. Following the transaction, the director now owns 45,943 shares in the company, valued at $4,384,340.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the completion of the transaction, the director now owns 248,032 shares in the company, valued at approximately $22,042,603.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,463 shares of company stock worth $4,140,642. 3.27% of the stock is owned by company insiders.
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About Lincoln Electric Holdings
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.
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