Lincoln Electric Holdings (LECO) Getting Somewhat Favorable Press Coverage, Analysis Shows
News coverage about Lincoln Electric Holdings (NASDAQ:LECO) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lincoln Electric Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.2734091616497 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Lincoln Electric Holdings, Inc. (LECO) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Lincoln Electric : Introduces New Magnum PRO Aluminum Pistol-Grip, Push-Pull Welding Gun (4-traders.com)
- ETFs with exposure to Lincoln Electric Holdings, Inc. : November 17, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect Lincoln Electric Holdings, Inc. (LECO) Will Announce Quarterly Sales of $698.34 Million (americanbankingnews.com)
Shares of Lincoln Electric Holdings (LECO) traded up $0.51 during midday trading on Friday, hitting $88.47. The stock had a trading volume of 372,227 shares, compared to its average volume of 439,979. Lincoln Electric Holdings has a 1-year low of $71.62 and a 1-year high of $99.59. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The company has a market cap of $5,817.41, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a net margin of 11.34% and a return on equity of 28.97%. The firm had revenue of $669.50 million during the quarter, compared to the consensus estimate of $658.48 million. During the same quarter last year, the firm posted $0.89 earnings per share. Lincoln Electric Holdings’s revenue was up 17.9% compared to the same quarter last year. research analysts forecast that Lincoln Electric Holdings will post 3.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, December 28th. Lincoln Electric Holdings’s payout ratio is 33.65%.
Several equities analysts recently commented on the company. FBR & Co reissued a “buy” rating and set a $115.00 price target (up from $105.00) on shares of Lincoln Electric Holdings in a research report on Friday, October 27th. Robert W. Baird set a $91.00 price target on Lincoln Electric Holdings and gave the stock a “hold” rating in a research report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research report on Friday, August 25th. Zacks Investment Research lowered Lincoln Electric Holdings from a “buy” rating to a “sell” rating in a research report on Monday, October 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research report on Monday, October 30th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $96.43.
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In other news, VP Michele R. Kuhrt sold 3,080 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,279,458.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is currently owned by insiders.
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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