Shares of Lennox International Inc. (NYSE:LII) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $191.83.
LII has been the subject of a number of recent research reports. Wells Fargo & Co increased their price objective on shares of Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and issued a $171.00 price objective on shares of Lennox International in a research note on Thursday, September 7th. Credit Suisse Group restated a “neutral” rating and issued a $180.00 price objective (up previously from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Wolfe Research restated a “peer perform” rating on shares of Lennox International in a research note on Tuesday, October 3rd. Finally, Cleveland Research initiated coverage on shares of Lennox International in a research note on Tuesday, October 3rd. They issued a “neutral” rating for the company.
In related news, Chairman Todd M. Bluedorn sold 8,313 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now owns 181,973 shares in the company, valued at approximately $36,929,600.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul W. Schmidt sold 750 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $193.46, for a total transaction of $145,095.00. Following the sale, the director now owns 2,689 shares of the company’s stock, valued at approximately $520,213.94. The disclosure for this sale can be found here. Insiders have sold a total of 27,672 shares of company stock valued at $5,473,240 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in LII. Acrospire Investment Management LLC increased its position in shares of Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after purchasing an additional 300 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after acquiring an additional 28 shares during the last quarter. Calamos Advisors LLC bought a new stake in Lennox International during the 2nd quarter worth about $213,000. Achmea Investment Management B.V. bought a new stake in Lennox International during the 2nd quarter worth about $239,000. Finally, Toronto Dominion Bank grew its holdings in Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after acquiring an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 68.78% of the company’s stock.
Shares of Lennox International (LII) traded down $2.40 during trading on Tuesday, reaching $208.26. 257,500 shares of the company’s stock were exchanged, compared to its average volume of 341,936. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. Lennox International has a 12-month low of $147.54 and a 12-month high of $213.78. The company has a market cap of $8,699.82, a P/E ratio of 29.50, a PEG ratio of 1.32 and a beta of 1.22.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $2.33 EPS. The business’s revenue was up 4.0% on a year-over-year basis. analysts forecast that Lennox International will post 7.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 28th. Lennox International’s dividend payout ratio is 28.90%.
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About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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