Headlines about Lincoln Electric (NASDAQ:LECO) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lincoln Electric earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.0360189520265 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several brokerages have recently weighed in on LECO. BidaskClub downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Finally, Oppenheimer set a $105.00 price objective on shares of Lincoln Electric and gave the company a “buy” rating in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Lincoln Electric presently has a consensus rating of “Hold” and an average target price of $106.25.

Shares of NASDAQ:LECO opened at $93.56 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.62 and a quick ratio of 1.94. The stock has a market capitalization of $6.03 billion, a P/E ratio of 24.69, a PEG ratio of 1.54 and a beta of 1.13. Lincoln Electric has a 52 week low of $81.48 and a 52 week high of $101.34.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. The firm had revenue of $790.10 million during the quarter, compared to the consensus estimate of $810.54 million. Lincoln Electric had a net margin of 8.77% and a return on equity of 29.77%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. sell-side analysts anticipate that Lincoln Electric will post 4.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.56 dividend on an annualized basis and a yield of 1.67%. Lincoln Electric’s payout ratio is currently 41.16%.

In other Lincoln Electric news, Director William E. Macdonald III sold 3,500 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $92.96, for a total value of $325,360.00. Following the completion of the transaction, the director now directly owns 15,307 shares of the company’s stock, valued at $1,422,938.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director G Russell Lincoln sold 22,000 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $91.11, for a total transaction of $2,004,420.00. Following the completion of the transaction, the director now directly owns 214,923 shares of the company’s stock, valued at $19,581,634.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,818 shares of company stock valued at $2,809,936. 3.04% of the stock is owned by insiders.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Insider Buying and Selling by Quarter for Lincoln Electric (NASDAQ:LECO)

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