Media coverage about Lincoln Electric Holdings (NASDAQ:LECO) has trended positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing 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 positive one, with scores closest to one being the most favorable. Lincoln Electric Holdings earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Lincoln Electric Holdings Inc (LECO) Holds Positive Momentum As Price is Above the Cloud – Evergreen Caller (evergreencaller.com)
- Head-To-Head Comparison: Lincoln Electric Holdings (NASDAQ:LECO) & Rofin-Sinar Technologies (RSTI) (americanbankingnews.com)
- Reviewing Rofin-Sinar Technologies (RSTI) & Lincoln Electric Holdings (LECO) (americanbankingnews.com)
- Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Experiences Heavy Trading Volume – Highlight Press (highlightpress.com)
Several research firms have recently issued reports on LECO. Stifel Nicolaus restated a “hold” rating and issued a $88.00 target price (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Barclays PLC restated an “equal weight” rating and issued a $82.00 target price (up previously from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Royal Bank of Canada restated a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Tuesday, June 20th. Finally, Deutsche Bank AG lowered their target price on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 28th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $84.71.
Shares of Lincoln Electric Holdings (LECO) traded up 0.94% during midday trading on Monday, reaching $93.28. 362,996 shares of the company were exchanged. The firm has a 50-day moving average of $91.57 and a 200 day moving average of $86.04. Lincoln Electric Holdings has a 52 week low of $59.03 and a 52 week high of $97.97. The firm has a market capitalization of $6.14 billion, a P/E ratio of 31.23 and a beta of 0.98.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $568.31 million. Lincoln Electric Holdings had a net margin of 8.70% and a return on equity of 30.17%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts expect that Lincoln Electric Holdings will post $3.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.40 annualized dividend and a yield of 1.51%. Lincoln Electric Holdings’s dividend payout ratio is currently 46.82%.
In other news, Director G Russell Lincoln sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the completion of the sale, the director now owns 248,032 shares in the company, valued at approximately $22,042,603.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David H. Gunning sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $90.00, for a total value of $450,000.00. Following the sale, the director now owns 9,146 shares of the company’s stock, valued at approximately $823,140. The disclosure for this sale can be found here. Insiders sold 60,930 shares of company stock worth $5,529,686 over the last quarter. 3.27% of the stock is currently owned by insiders.
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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