Shares of Lennox International Inc. (NYSE:LII) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $206.88.
LII has been the subject of several research analyst reports. TheStreet cut Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $210.00 target price (down previously from $218.00) on shares of Lennox International in a research report on Tuesday, April 24th.
Shares of NYSE:LII traded down $1.17 during trading on Tuesday, hitting $196.93. 5,286 shares of the company’s stock were exchanged, compared to its average volume of 254,701. The company has a current ratio of 1.89, a quick ratio of 1.10 and a debt-to-equity ratio of -12.26. Lennox International has a 52-week low of $160.18 and a 52-week high of $223.05. The stock has a market capitalization of $8.25 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.02 and a beta of 1.19.
Lennox International (NYSE:LII) last released its earnings results on Monday, April 23rd. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. Lennox International had a negative return on equity of 14,731.92% and a net margin of 7.73%. The firm had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $805.54 million. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. research analysts predict that Lennox International will post 10.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $0.51. Lennox International’s dividend payout ratio (DPR) is currently 25.76%.
In other news, CEO Todd M. Bluedorn sold 48,340 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The stock was sold at an average price of $204.71, for a total value of $9,895,681.40. Following the completion of the sale, the chief executive officer now directly owns 125,320 shares of the company’s stock, valued at approximately $25,654,257.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Major sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 2,145 shares of the company’s stock, valued at $429,000. The disclosure for this sale can be found here. Insiders have sold a total of 55,408 shares of company stock valued at $11,357,922 in the last 90 days. 3.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Lennox International by 2.9% in the 1st quarter. BlackRock Inc. now owns 3,641,718 shares of the construction company’s stock valued at $744,259,000 after purchasing an additional 103,287 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Lennox International by 1.1% in the 1st quarter. Northern Trust Corp now owns 337,859 shares of the construction company’s stock valued at $69,048,000 after purchasing an additional 3,569 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lennox International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 300,812 shares of the construction company’s stock valued at $62,605,000 after purchasing an additional 3,549 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Lennox International by 5.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,114 shares of the construction company’s stock valued at $56,226,000 after purchasing an additional 15,387 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Lennox International by 11.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 263,563 shares of the construction company’s stock valued at $53,864,000 after purchasing an additional 27,467 shares during the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.
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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