Media stories about Lincoln Electric Holdings (NASDAQ:LECO) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.3144209455926 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- $649.97 Million in Sales Expected for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) This Quarter (americanbankingnews.com)
- Zacks: Analysts Expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Will Post Earnings of $0.93 Per Share (americanbankingnews.com)
- ETFs with exposure to Lincoln Electric Holdings, Inc. : August 8, 2017 (finance.yahoo.com)
- BRIEF-Baillie Gifford & Co reports a 3.50 pct passive stake in Lincoln Electric Holdings as of July 31 – SEC filing (LECO) (markets.businessinsider.com)
Several analysts recently weighed in on LECO shares. Deutsche Bank AG dropped their price target on Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $78.00 price target on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Barclays PLC reissued an “equal weight” rating and set a $82.00 price target (up from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Stifel Nicolaus reissued a “hold” rating and set a $88.00 price target (up from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Finally, Zacks Investment Research cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.67.
Lincoln Electric Holdings (NASDAQ:LECO) opened at 86.07 on Friday. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97. The firm has a market capitalization of $5.67 billion, a PE ratio of 24.88 and a beta of 0.97. The firm has a 50-day moving average price of $90.51 and a 200 day moving average price of $88.35.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Lincoln Electric Holdings will post $3.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given 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 1.63%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 40.46%.
In related news, Director Kathryn Jo Lincoln sold 4,290 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $95.43, for a total value of $409,394.70. Following the sale, the director now owns 45,943 shares in the company, valued at $4,384,340.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas A. Flohn sold 8,540 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $90.15, for a total value of $769,881.00. Following the completion of the sale, the senior vice president now owns 31,160 shares in the company, valued at approximately $2,809,074. The disclosure for this sale can be found here. Insiders sold 45,463 shares of company stock worth $4,140,642 in the last quarter. 3.27% of the stock is currently owned by company 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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