Lennox International, Inc. (LII) Receives “Hold” Rating from Stifel Nicolaus
Several other research analysts have also commented on the company. Morgan Stanley reiterated an underweight rating and issued a $161.00 target price (down previously from $164.00) on shares of Lennox International in a research report on Tuesday. Cowen and Company reiterated a buy rating on shares of Lennox International in a research report on Monday, July 24th. BidaskClub lowered Lennox International from a buy rating to a hold rating in a research report on Sunday, July 16th. Wolfe Research initiated coverage on Lennox International in a research report on Tuesday, July 11th. They issued a market perform rating for the company. Finally, Wells Fargo & Company restated a market perform rating and set a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Lennox International presently has an average rating of Hold and an average target price of $176.71.
Shares of Lennox International (NYSE LII) traded down 0.62% during trading on Tuesday, reaching $171.02. The company had a trading volume of 370,663 shares. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58. The company has a market capitalization of $7.21 billion, a P/E ratio of 24.64 and a beta of 1.16. The firm has a 50-day moving average price of $183.38 and a 200-day moving average price of $170.36.
Lennox International (NYSE:LII) last issued its earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.76 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. On average, analysts predict that Lennox International will post $8.01 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s payout ratio is 29.35%.
In other Lennox International news, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $167.66, for a total transaction of $167,660.00. Following the completion of the transaction, the director now owns 50,001 shares in the company, valued at approximately $8,383,167.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in LII. Karp Capital Management Corp acquired a new position in shares of Lennox International during the first quarter worth about $2,941,000. UBS Asset Management Americas Inc. increased its stake in Lennox International by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 27,461 shares of the construction company’s stock worth $4,594,000 after buying an additional 7,444 shares in the last quarter. World Asset Management Inc increased its stake in Lennox International by 14.1% in the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock worth $456,000 after buying an additional 336 shares in the last quarter. Dorsey Wright & Associates increased its stake in Lennox International by 9.5% in the first quarter. Dorsey Wright & Associates now owns 21,714 shares of the construction company’s stock worth $3,633,000 after buying an additional 1,881 shares in the last quarter. Finally, US Bancorp DE increased its stake in Lennox International by 0.5% in the first quarter. US Bancorp DE now owns 27,610 shares of the construction company’s stock worth $4,619,000 after buying an additional 147 shares in the last quarter. Institutional investors own 68.63% of the company’s stock.
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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