Lincoln Electric Holdings (LECO) Receiving Somewhat Positive News Coverage, Analysis Shows
Media coverage about Lincoln Electric Holdings (NASDAQ:LECO) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lincoln Electric Holdings earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.2305993578898 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
LECO has been the topic of a number of recent research reports. FBR & Co reissued a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, August 4th. ValuEngine raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, KeyCorp reissued a “hold” rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.86.
Lincoln Electric Holdings (NASDAQ LECO) opened at 93.08 on Tuesday. The company has a market cap of $6.13 billion, a P/E ratio of 26.90 and a beta of 0.98. Lincoln Electric Holdings has a 1-year low of $59.27 and a 1-year high of $97.97. The stock has a 50 day moving average price of $87.28 and a 200 day moving average price of $89.00.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its 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. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The firm had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Lincoln Electric Holdings will post $3.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. Lincoln Electric Holdings’s payout ratio is 40.46%.
In other news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.27% of the stock is owned by corporate 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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