Media stories about Lincoln Electric Holdings (NASDAQ:LECO) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lincoln Electric Holdings earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.5176611882754 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research firms have recently commented on LECO. B. Riley reaffirmed a “buy” rating on shares of Lincoln Electric Holdings in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a research report on Monday, October 30th. ValuEngine lowered shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Lincoln Electric Holdings from $100.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.43.
Lincoln Electric Holdings (NASDAQ:LECO) traded down $0.37 during trading on Tuesday, reaching $86.34. 402,400 shares of the company traded hands, compared to its average volume of 375,847. The stock has a market cap of $5,701.68, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Lincoln Electric Holdings has a one year low of $71.62 and a one 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.
Lincoln Electric Holdings (NASDAQ:LECO) last released its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric Holdings had a return on equity of 28.97% and a net margin of 11.34%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. analysts predict that Lincoln Electric Holdings will post 3.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.81%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 33.65%.
In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the company’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 transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.27% of the company’s stock.
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Lincoln Electric Holdings Company Profile
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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