Shares of Lennox International Inc. (NYSE:LII) have been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $254.82.
Several brokerages have commented on LII. Deutsche Bank upped their price target on Lennox International from $256.00 to $270.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Cowen restated a “hold” rating and set a $270.00 price target on shares of Lennox International in a research note on Friday, May 31st. Buckingham Research increased their target price on Lennox International from $236.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. UBS Group lowered Lennox International from a “neutral” rating to a “sell” rating and set a $235.00 target price for the company. in a research note on Friday, May 24th. Finally, Morgan Stanley increased their target price on Lennox International from $202.00 to $220.00 and gave the company an “underweight” rating in a research note on Tuesday, April 23rd.
In related news, Chairman Todd M. Bluedorn sold 16,168 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $250.84, for a total value of $4,055,581.12. Following the completion of the transaction, the chairman now owns 149,080 shares of the company’s stock, valued at $37,395,227.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Prakash Bedapudi sold 2,995 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $277.00, for a total value of $829,615.00. Following the completion of the transaction, the executive vice president now directly owns 15,114 shares of the company’s stock, valued at approximately $4,186,578. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,617 shares of company stock valued at $7,776,654. Insiders own 3.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of LII. Norges Bank purchased a new position in Lennox International in the fourth quarter valued at about $81,876,000. Geode Capital Management LLC boosted its holdings in Lennox International by 17.8% in the first quarter. Geode Capital Management LLC now owns 406,123 shares of the construction company’s stock valued at $107,310,000 after purchasing an additional 61,415 shares during the last quarter. Lazard Asset Management LLC bought a new position in Lennox International during the 1st quarter worth approximately $5,611,000. Denali Advisors LLC lifted its holdings in Lennox International by 173.8% during the 1st quarter. Denali Advisors LLC now owns 23,000 shares of the construction company’s stock worth $6,081,000 after buying an additional 14,600 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Lennox International by 266.7% during the 1st quarter. SG Americas Securities LLC now owns 15,574 shares of the construction company’s stock worth $4,118,000 after buying an additional 11,327 shares during the last quarter. 72.07% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:LII opened at $272.90 on Tuesday. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.14 and a beta of 0.96. Lennox International has a 12 month low of $177.36 and a 12 month high of $287.42.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.29. The company had revenue of $790.30 million during the quarter, compared to analyst estimates of $748.63 million. Lennox International had a negative return on equity of 261.35% and a net margin of 10.17%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share. Sell-side analysts anticipate that Lennox International will post 12.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Lennox International’s previous quarterly dividend of $0.64. Lennox International’s dividend payout ratio (DPR) is 27.18%.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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