Somewhat Positive Press Coverage Somewhat Unlikely to Impact Lincoln Electric (LECO) Stock Price
Media coverage about Lincoln Electric (NASDAQ:LECO) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lincoln Electric earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.2062317408656 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Lincoln Electric (LECO) traded up $1.29 during trading on Friday, hitting $92.39. The company’s stock had a trading volume of 415,440 shares, compared to its average volume of 321,046. The company has a market cap of $6,075.20, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.34 and a beta of 1.08. Lincoln Electric has a 52-week low of $75.86 and a 52-week high of $99.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83.
Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The firm had revenue of $669.50 million for the quarter, compared to analyst estimates of $658.48 million. During the same period in the previous year, the company earned $0.89 earnings per share. Lincoln Electric’s revenue for the quarter was up 17.9% compared to the same quarter last year. sell-side analysts expect that Lincoln Electric will post 3.76 earnings per share for the current fiscal year.
LECO has been the subject of several research analyst reports. BidaskClub downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. FBR & Co restated a “buy” rating on shares of Lincoln Electric in a report on Monday, August 21st. Robert W. Baird set a $91.00 price target on Lincoln Electric and gave the stock a “hold” rating in a report on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of Lincoln Electric in a report on Friday, August 25th. Finally, ValuEngine upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.43.
In related news, VP Michele R. Kuhrt sold 3,080 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is owned by corporate insiders.
About Lincoln Electric
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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