Lennox International (NYSE:LII) announced its quarterly earnings results on Tuesday. The construction company reported $1.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.93, MarketWatch Earnings reports. The firm had revenue of $843.60 million for the quarter, compared to analysts’ expectations of $855.97 million. Lennox International had a net margin of 9.25% and a negative return on equity of 313.39%. Lennox International’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 earnings per share. Lennox International updated its FY 2019 guidance to $12.00-12.60 EPS and its FY19 guidance to $12.00-12.60 EPS.

LII opened at $234.99 on Thursday. Lennox International has a 1-year low of $177.36 and a 1-year high of $239.00. The company has a market capitalization of $9.47 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were given a $0.64 dividend. The ex-dividend date was Friday, December 28th. This represents a $2.56 annualized dividend and a dividend yield of 1.09%. Lennox International’s dividend payout ratio is 27.18%.

A number of research analysts have recently commented on LII shares. Wells Fargo & Co reissued a “market perform” rating and set a $242.00 target price (up from $230.00) on shares of Lennox International in a research report on Wednesday. Credit Suisse Group reiterated an “outperform” rating and set a $253.00 target price (up previously from $234.00) on shares of Lennox International in a research note on Wednesday. Barclays reiterated a “buy” rating and set a $232.00 target price on shares of Lennox International in a research note on Thursday, December 13th. Cowen reissued a “buy” rating and set a $220.00 price target on shares of Lennox International in a report on Thursday, December 13th. Finally, Buckingham Research began coverage on shares of Lennox International in a report on Monday, December 10th. They set a “neutral” rating and a $219.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $223.70.

In related news, Chairman Todd M. Bluedorn sold 6,171 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $210.18, for a total value of $1,297,020.78. Following the completion of the transaction, the chairman now directly owns 128,493 shares in the company, valued at $27,006,658.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chris Kosel sold 147 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $212.88, for a total value of $31,293.36. Following the completion of the transaction, the vice president now owns 1,027 shares of the company’s stock, valued at $218,627.76. The disclosure for this sale can be found here. Insiders sold 9,914 shares of company stock valued at $2,094,156 over the last three months. 3.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wesbanco Bank Inc. raised its stake in shares of Lennox International by 0.6% in the fourth quarter. Wesbanco Bank Inc. now owns 14,156 shares of the construction company’s stock valued at $3,098,000 after purchasing an additional 91 shares in the last quarter. Dupont Capital Management Corp increased its stake in shares of Lennox International by 41.2% in the fourth quarter. Dupont Capital Management Corp now owns 30,233 shares of the construction company’s stock valued at $6,617,000 after buying an additional 8,825 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Lennox International by 33.0% in the fourth quarter. Rhumbline Advisers now owns 102,468 shares of the construction company’s stock valued at $22,426,000 after buying an additional 25,438 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Lennox International by 50.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 5,069 shares of the construction company’s stock valued at $1,109,000 after buying an additional 1,700 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its stake in shares of Lennox International by 6.4% in the fourth quarter. Boston Financial Mangement LLC now owns 38,973 shares of the construction company’s stock valued at $8,530,000 after buying an additional 2,339 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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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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Earnings History for Lennox International (NYSE:LII)

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