Lennox International, Inc. (NYSE:LII) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $171.40.
A number of brokerages have recently issued reports on LII. Morgan Stanley reissued an “underweight” rating and issued a $161.00 price target (down from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. BidaskClub downgraded shares of Lennox International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. UBS AG increased their price target on shares of Lennox International from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock.
In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the transaction, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the executive vice president now owns 112,408 shares in the company, valued at approximately $19,272,351.60. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. boosted its position in shares of Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock valued at $376,000 after buying an additional 24 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock valued at $436,000 after buying an additional 60 shares in the last quarter. World Asset Management Inc boosted its position in shares of Lennox International by 2.2% in the second quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock valued at $511,000 after buying an additional 61 shares in the last quarter. Huntington National Bank boosted its position 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 buying an additional 81 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Lennox International by 0.6% in the second quarter. Arizona State Retirement System now owns 16,200 shares of the construction company’s stock valued at $2,975,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.
Shares of Lennox International (NYSE LII) traded down 0.07% during trading on Friday, hitting $172.28. 288,423 shares of the stock traded hands. The stock has a 50-day moving average of $182.86 and a 200 day moving average of $170.96. The company has a market cap of $7.27 billion, a P/E ratio of 24.82 and a beta of 1.14. Lennox International has a 1-year low of $140.97 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Lennox International will post $8.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, June 28th. This is an increase from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. Lennox International’s dividend payout ratio (DPR) is 29.35%.
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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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