Headlines about Lincoln Electric (NASDAQ:LECO) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lincoln Electric earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.7467222172339 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Lincoln Electric stock opened at $91.45 on Friday. Lincoln Electric has a twelve month low of $81.48 and a twelve month high of $101.34. The company has a quick ratio of 1.94, a current ratio of 2.62 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20.
Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, hitting the consensus estimate of $1.22. The business had revenue of $790.10 million during the quarter, compared to analysts’ expectations of $810.54 million. Lincoln Electric had a net margin of 8.77% and a return on equity of 29.77%. The business’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS. equities research analysts expect that Lincoln Electric will post 4.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 27th. Lincoln Electric’s payout ratio is presently 41.16%.
Several analysts have weighed in on LECO shares. Oppenheimer set a $105.00 price objective on shares of Lincoln Electric and gave the stock a “buy” rating in a research note on Monday, July 23rd. BidaskClub upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. ValuEngine upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research cut shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $106.25.
In other news, Director G Russell Lincoln sold 12,318 shares of the business’s stock in a transaction that occurred on Saturday, July 21st. The shares were sold at an average price of $38.98, for a total value of $480,155.64. Following the completion of the transaction, the director now directly owns 214,923 shares in the company, valued at approximately $8,377,698.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Macdonald III sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $92.96, for a total transaction of $325,360.00. Following the completion of the transaction, the director now owns 15,307 shares of the company’s stock, valued at $1,422,938.72. The disclosure for this sale can be found here. Insiders sold a total of 18,958 shares of company stock valued at $1,100,990 over the last 90 days. Corporate insiders own 3.27% of the company’s stock.
About Lincoln Electric
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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