Lennox International (NYSE:LII) announced a quarterly dividend on Friday, March 16th, RTT News reports. Shareholders of record on Monday, April 2nd will be given a dividend of 0.51 per share by the construction company on Friday, April 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 29th.
Lennox International has increased its dividend payment by an average of 20.3% per year over the last three years and has raised its dividend every year for the last 6 years. Lennox International has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lennox International to earn $11.43 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 17.8%.
NYSE:LII traded down $5.23 on Friday, reaching $199.90. 397,417 shares of the stock traded hands, compared to its average volume of 313,877. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The firm has a market cap of $8,231.28, a P/E ratio of 25.18, a P/E/G ratio of 0.99 and a beta of 1.17. Lennox International has a 12 month low of $160.18 and a 12 month high of $223.05.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.03. The firm had revenue of $891.80 million for the quarter, compared to the consensus estimate of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. equities research analysts predict that Lennox International will post 10.16 EPS for the current year.
LII has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Lennox International in a report on Thursday, February 15th. They set an “overweight” rating and a $233.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $207.00 price objective (up previously from $193.00) on shares of Lennox International in a report on Monday, December 11th. Wells Fargo reissued a “market perform” rating and issued a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. UBS began coverage on shares of Lennox International in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Lennox International has an average rating of “Hold” and an average target price of $207.88.
Lennox International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
In other Lennox International news, EVP John D. Torres sold 4,406 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $196.01, for a total transaction of $863,620.06. Following the sale, the executive vice president now owns 6,254 shares in the company, valued at approximately $1,225,846.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 25,058 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $209.78, for a total transaction of $5,256,667.24. Following the sale, the chairman now owns 214,976 shares in the company, valued at approximately $45,097,665.28. The disclosure for this sale can be found here. In the last three months, insiders sold 50,970 shares of company stock worth $10,541,924. 3.90% of the stock is currently owned by insiders.
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About Lennox International
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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