Lennox International’s (LII) “Hold” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reaffirmed their hold rating on shares of Lennox International, Inc. (NYSE:LII) in a research note issued to investors on Thursday. Stifel Nicolaus currently has a $187.00 price objective on the construction company’s stock.
Other analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Lennox International from $190.00 to $193.00 and gave the stock a market perform rating in a report on Friday, October 6th. Wolfe Research restated a peer perform rating on shares of Lennox International in a report on Tuesday, October 3rd. Cleveland Research began coverage on shares of Lennox International in a report on Tuesday, October 3rd. They set a neutral rating on the stock. Morgan Stanley raised their target price on shares of Lennox International from $161.00 to $166.00 and gave the stock an underweight rating in a report on Monday, September 25th. Finally, BidaskClub downgraded shares of Lennox International from a sell rating to a strong sell rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $181.50.
Lennox International (LII) traded up 0.07% on Thursday, hitting $181.21. 236,685 shares of the stock traded hands. The company’s 50 day moving average price is $172.27 and its 200-day moving average price is $173.69. The stock has a market capitalization of $7.64 billion, a P/E ratio of 26.10 and a beta of 1.15. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. Lennox International’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted $2.53 EPS. Analysts predict that Lennox International will post $7.87 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.04 annualized dividend and a yield of 1.13%. Lennox International’s dividend payout ratio (DPR) is currently 29.35%.
In other news, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $173.51, for a total transaction of $61,943.07. Following the completion of the transaction, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total transaction of $402,907.50. Following the transaction, the executive vice president now directly owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,216 shares of company stock valued at $2,431,048 over the last ninety days. Company insiders own 3.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Achmea Investment Management B.V. bought a new position in shares of Lennox International during the 2nd quarter worth approximately $239,000. State Street Corp grew its stake in shares of Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after acquiring an additional 128,170 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after acquiring an additional 28 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Lennox International by 5.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after acquiring an additional 3,580 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Lennox International by 2.5% during the 2nd quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock worth $27,179,000 after acquiring an additional 3,600 shares in the last quarter. 68.33% of the stock is owned by institutional investors.
Lennox International Company Profile
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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