Lennox International Inc. (NYSE:LII) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Wednesday.
Separately, Stifel Nicolaus upped their price objective on shares of Lennox International from $171.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $167.20.
Lennox International (NYSE:LII) traded up 2.43% during mid-day trading on Wednesday, hitting $175.87. The stock had a trading volume of 190,982 shares. Lennox International has a 52-week low of $132.37 and a 52-week high of $176.47. The stock has a market cap of $7.50 billion, a P/E ratio of 25.91 and a beta of 1.10. The firm has a 50-day moving average of $167.50 and a 200-day moving average of $160.03.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, April 24th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. Lennox International had a net margin of 7.63% and a return on equity of 6,021.68%. The company had revenue of $793.40 million during the quarter, compared to the consensus estimate of $746.37 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Lennox International’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Lennox International will post $7.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. Lennox International’s dividend payout ratio (DPR) is 27.17%.
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In other news, Director John W. Norris III sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were 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 directly owns 50,001 shares of the company’s stock, valued at approximately $8,383,167.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul W. Schmidt sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $163.92, for a total transaction of $114,744.00. Following the transaction, the director now directly owns 2,689 shares of the company’s stock, valued at $440,780.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,491 shares of company stock valued at $9,625,757. 3.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Driehaus Capital Management LLC boosted its position in shares of Lennox International by 4.6% in the first quarter. Driehaus Capital Management LLC now owns 6,180 shares of the construction company’s stock worth $1,034,000 after buying an additional 271 shares during the period. Paloma Partners Management Co boosted its position in shares of Lennox International by 272.2% in the first quarter. Paloma Partners Management Co now owns 11,511 shares of the construction company’s stock worth $1,926,000 after buying an additional 8,418 shares during the period. United Capital Financial Advisers LLC boosted its position in shares of Lennox International by 11.5% in the first quarter. United Capital Financial Advisers LLC now owns 4,058 shares of the construction company’s stock worth $679,000 after buying an additional 418 shares during the period. Geode Capital Management LLC boosted its position in shares of Lennox International by 9.1% in the first quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock worth $48,322,000 after buying an additional 23,973 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Lennox International by 9.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the construction company’s stock worth $1,218,000 after buying an additional 630 shares during the period. 68.82% of the stock is owned by institutional investors and hedge funds.
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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