Lincoln Electric (LECO) Receiving Somewhat Positive News Coverage, Study Shows

Headlines about Lincoln Electric (NASDAQ:LECO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lincoln Electric earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.2612148345579 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

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Several brokerages recently commented on LECO. BidaskClub downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Robert W. Baird reiterated a “hold” rating and issued a $93.00 target price on shares of Lincoln Electric in a report on Friday. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Seaport Global Securities reiterated a “buy” rating and issued a $110.00 target price on shares of Lincoln Electric in a report on Thursday, February 15th. Finally, Barclays boosted their price objective on shares of Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.30.

NASDAQ:LECO opened at $91.49 on Tuesday. Lincoln Electric has a 52-week low of $82.03 and a 52-week high of $101.34. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.76. The stock has a market cap of $5,926.04, a PE ratio of 24.14, a P/E/G ratio of 1.66 and a beta of 1.10.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.05. Lincoln Electric had a net margin of 9.43% and a return on equity of 28.76%. The company had revenue of $747.19 million for the quarter, compared to the consensus estimate of $696.97 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue was up 32.5% compared to the same quarter last year. research analysts expect that Lincoln Electric will post 4.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.71%. Lincoln Electric’s payout ratio is 41.16%.

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Lincoln Electric 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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