Lennox International, Inc. (NYSE:LII) - William Blair dropped their Q3 2017 EPS estimates for Lennox International in a report released on Monday. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $2.52 per share for the quarter, down from their previous forecast of $2.56. William Blair also issued estimates for Lennox International’s FY2017 earnings at $7.98 EPS and FY2018 earnings at $8.95 EPS.
A number of other brokerages have also recently issued reports on LII. Cowen and Company lifted their price target on shares of Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Wolfe Research assumed coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Wells Fargo & Company restated a “market perform” rating and set a $190.00 price objective (up from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $176.71.
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Shares of Lennox International (NYSE:LII) opened at 172.09 on Wednesday. The company has a market capitalization of $7.34 billion, a P/E ratio of 25.35 and a beta of 1.16. The stock’s 50 day moving average is $183.59 and its 200 day moving average is $170.21. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58.
Lennox International (NYSE:LII) last posted its earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.76 by $0.07. The company had revenue of $1.10 billion during 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%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 earnings per share.
Several hedge funds have recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Lennox International by 14.1% in the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock worth $456,000 after buying an additional 336 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Lennox International by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 107,774 shares of the construction company’s stock worth $18,032,000 after buying an additional 4,861 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Lennox International by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 27,461 shares of the construction company’s stock worth $4,594,000 after buying an additional 7,444 shares in the last quarter. American International Group Inc. raised its stake in shares of Lennox International by 3.5% in the first quarter. American International Group Inc. now owns 77,221 shares of the construction company’s stock worth $12,919,000 after buying an additional 2,644 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Lennox International during the first quarter worth approximately $519,000. Hedge funds and other institutional investors own 68.63% of the company’s stock.
In other news, Director John W. Norris III sold 1,000 shares of Lennox International stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $167.66, for a total value of $167,660.00. Following the completion of the sale, the director now directly owns 50,001 shares in the company, valued at $8,383,167.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by company insiders.
The company also recently disclosed 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. This is a positive change 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%. The ex-dividend date of this dividend was Wednesday, June 28th. Lennox International’s dividend payout ratio (DPR) is currently 29.35%.
About Lennox International
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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