Wolfe Research Reaffirms Peer Perform Rating for Lennox International, Inc. (LII)
A number of other research analysts have also commented on LII. Cleveland Research began coverage on shares of Lennox International in a research note on Tuesday. They issued a neutral rating on the stock. BidaskClub lowered shares of Lennox International from a sell rating to a strong sell rating in a research note on Monday, August 14th. Morgan Stanley reaffirmed an underweight rating and issued a $161.00 target price (down previously from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a hold rating on shares of Lennox International in a report on Tuesday, July 25th. Finally, Wells Fargo & Company reaffirmed a market perform rating and issued a $190.00 target price (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Lennox International presently has a consensus rating of Hold and a consensus price target of $178.83.
Shares of Lennox International (NYSE LII) opened at 184.32 on Tuesday. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 26.55 and a beta of 1.15. The firm has a 50-day moving average of $169.40 and a 200 day moving average of $173.24.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. Equities analysts forecast that Lennox International will post $7.92 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 28th. Lennox International’s dividend payout ratio is currently 29.35%.
In other Lennox International news, EVP David W. Moon sold 2,350 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total value of $402,907.50. Following the sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris Kosel sold 357 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The disclosure for this sale can be found here. Insiders sold 14,216 shares of company stock worth $2,431,048 in the last ninety days. Insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LII. Acrospire Investment Management LLC lifted its holdings in shares of Lennox International by 114.1% in the second quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after purchasing an additional 300 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after purchasing an additional 81 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after purchasing an additional 28 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Lennox International in the second quarter valued at about $213,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Lennox International in the second quarter valued at about $239,000. 68.33% of the stock is currently 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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