Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, December 7th, RTT News reports. Stockholders of record on Monday, December 31st will be given a dividend of 0.64 per share by the construction company on Tuesday, January 15th. This represents a $2.56 annualized dividend and a dividend yield of 1.20%.
Lennox International has increased its dividend payment by an average of 20.3% annually over the last three years and has raised its dividend every year for the last 6 years. Lennox International has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lennox International to earn $11.69 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 21.9%.
Shares of NYSE:LII traded down $3.07 on Friday, hitting $213.60. The company’s stock had a trading volume of 2,996 shares, compared to its average volume of 217,744. Lennox International has a 12 month low of $177.36 and a 12 month high of $230.66. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.26 and a beta of 1.10.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.92 by ($0.20). Lennox International had a negative return on equity of 474.74% and a net margin of 8.31%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $2.53 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts expect that Lennox International will post 8.96 EPS for the current fiscal year.
Several research analysts have recently issued reports on LII shares. Credit Suisse Group started coverage on Lennox International in a research note on Friday, October 12th. They issued an “outperform” rating and a $229.00 price target for the company. Robert W. Baird decreased their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Stephens initiated coverage on Lennox International in a research note on Monday, November 19th. They set an “equal weight” rating and a $229.00 target price for the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Lennox International in a research note on Wednesday, October 24th. Finally, ValuEngine raised Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $221.67.
In other news, CFO Joseph William Reitmeier sold 1,715 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $210.96, for a total transaction of $361,796.40. Following the completion of the sale, the chief financial officer now directly owns 13,703 shares of the company’s stock, valued at $2,890,784.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John E. Major sold 2,000 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $204.45, for a total value of $408,900.00. Following the sale, the director now directly owns 2,145 shares of the company’s stock, valued at $438,545.25. The disclosure for this sale can be found here. Insiders have sold 24,271 shares of company stock valued at $5,053,581 in the last ninety days. Company insiders own 3.90% of the company’s stock.
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Lennox International Company Profile
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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