Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lincoln Electric (LECO) Stock Price
News headlines about Lincoln Electric (NASDAQ:LECO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lincoln Electric earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 47.2012563829347 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Lincoln Electric (LECO) traded up $0.49 during midday trading on Wednesday, hitting $90.93. The company had a trading volume of 264,694 shares, compared to its average volume of 373,193. 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 stock has a market cap of $5,950.00, a PE ratio of 25.30, a P/E/G ratio of 2.30 and a beta of 1.08. Lincoln Electric has a 1 year low of $75.86 and a 1 year high of $99.59.
Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The company had revenue of $669.50 million for the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. analysts predict that Lincoln Electric will post 3.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.39 per share. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, December 28th. Lincoln Electric’s dividend payout ratio is 33.73%.
Several brokerages have weighed in on LECO. B. Riley reiterated a “buy” rating on shares of Lincoln Electric in a report on Wednesday, November 1st. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Oppenheimer reiterated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Finally, Stifel Nicolaus lowered their target price on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lincoln Electric currently has an average rating of “Hold” and an average price target of $96.43.
In related news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction 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 at the SEC website. Corporate insiders own 3.27% of the company’s stock.
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About Lincoln Electric
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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