Media headlines about Lincoln Electric Holdings (NASDAQ:LECO) have trended somewhat positive on Saturday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lincoln Electric Holdings earned a media sentiment score of 0.04 on Alpha One’s scale. Alpha One also gave press coverage about the industrial products company an impact score of 76 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Lincoln Electric Holdings, Inc. (NASDAQ:LECO): Shares Nearing 52-Week High – Melville Review (melvillereview.com)
- Gorman-Rupp Down to Strong Sell on Weak Q1, Prevailing Risks – Nasdaq (nasdaq.com)
- Volume Moving the Tape For Lincoln Electric Holdings Inc (LECO) – Stock Press Daily (stockpressdaily.com)
- Checking the Numbers on Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Business Daily (oxfordbusinessdaily.com)
- The FY2020 Earnings Estimate for Lincoln Electric Holdings, Inc. Issued By Gabelli (LECO) – BangaloreWeekly (bangaloreweekly.com)
A number of equities research analysts recently commented on LECO shares. Royal Bank of Canada reiterated a “hold” rating and set a $78.00 price target on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Stifel Nicolaus upped their price target on shares of Lincoln Electric Holdings from $84.00 to $86.00 and gave the company a “hold” rating in a report on Monday, March 27th. Deutsche Bank AG lowered their price target 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. Barclays PLC reiterated 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. Finally, Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Tuesday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Lincoln Electric Holdings has an average rating of “Hold” and a consensus target price of $80.43.
Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded up 2.42% on Friday, reaching $89.15. 280,657 shares of the company’s stock were exchanged. Lincoln Electric Holdings has a one year low of $56.02 and a one year high of $91.29. The company’s 50 day moving average is $87.87 and its 200-day moving average is $82.40. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 29.85 and a beta of 0.88.
Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Lincoln Electric Holdings had a return on equity of 26.69% and a net margin of 8.50%. The business had revenue of $580.90 million for the quarter, compared to the consensus estimate of $568.31 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Lincoln Electric Holdings will post $3.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.57%. Lincoln Electric Holdings’s payout ratio is currently 50.36%.
In related news, Director William E. Macdonald III sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $89.71, for a total transaction of $493,405.00. Following the transaction, the director now owns 17,416 shares in the company, valued at approximately $1,562,389.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn Jo Lincoln sold 4,967 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $89.72, for a total value of $445,639.24. Following the transaction, the director now owns 55,200 shares in the company, valued at approximately $4,952,544. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,467 shares of company stock worth $1,389,044. Company insiders own 3.27% of the company’s stock.
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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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