Lincoln Electric Holdings (LECO) Earning Somewhat Positive News Coverage, Report Shows
Headlines about Lincoln Electric Holdings (NASDAQ:LECO) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media 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 media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.0388906295029 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Lincoln Electric Holdings (LECO) opened at 89.67 on Thursday. The firm’s 50-day moving average is $86.76 and its 200 day moving average is $88.82. Lincoln Electric Holdings has a 12-month low of $59.27 and a 12-month high of $97.97. The firm has a market cap of $5.91 billion, a P/E ratio of 25.92 and a beta of 0.98.
Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million for the quarter, compared to analysts’ expectations of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities analysts forecast that Lincoln Electric Holdings will post $3.75 earnings per share for the current year.
The business also recently declared 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. This represents a $1.40 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 40.46%.
A number of research analysts recently issued reports on LECO shares. BidaskClub downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. FBR & Co reiterated a “buy” rating on shares of Lincoln Electric Holdings in a research report on Monday, August 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $89.86.
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In related news, VP Michele R. Kuhrt sold 3,080 shares of Lincoln Electric Holdings stock in a transaction on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the sale, the vice president now owns 14,449 shares in the company, valued at $1,279,458.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.27% of the company’s stock.
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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