Lennox International Inc. (NYSE:LII)‘s stock had its “hold” rating reiterated by KeyCorp in a report released on Monday.
Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Lennox International from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Thursday, July 21st. Credit Suisse Group AG reiterated a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Morgan Stanley reiterated a “hold” rating and set a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Finally, Susquehanna cut Lennox International from a “positive” rating to a “neutral” rating and lowered their target price for the company from $172.00 to $163.00 in a report on Monday, August 15th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Lennox International presently has an average rating of “Hold” and a consensus price target of $143.45.
Shares of Lennox International (NYSE:LII) opened at 159.70 on Monday. Lennox International has a 12-month low of $105.65 and a 12-month high of $164.02. The company has a 50 day moving average price of $158.90 and a 200 day moving average price of $146.83. The stock has a market cap of $6.94 billion, a P/E ratio of 31.60 and a beta of 1.26.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.18. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. The firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $1.84 EPS. Lennox International’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Lennox International will post $6.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 28th. Lennox International’s payout ratio is currently 33.86%.
In other Lennox International news, CFO Joseph William Reitmeier sold 10,700 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $150.93, for a total value of $1,614,951.00. Following the transaction, the chief financial officer now directly owns 14,826 shares of the company’s stock, valued at $2,237,688.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terry L. Johnston sold 2,113 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $156.35, for a total value of $330,367.55. Following the completion of the transaction, the insider now directly owns 19,228 shares in the company, valued at $3,006,297.80. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LII. State Street Corp raised its position in Lennox International by 1.4% in the first quarter. State Street Corp now owns 1,501,712 shares of the company’s stock valued at $203,018,000 after buying an additional 20,858 shares during the period. Congress Asset Management Co. MA raised its position in Lennox International by 6.6% in the second quarter. Congress Asset Management Co. MA now owns 322,008 shares of the company’s stock valued at $45,918,000 after buying an additional 19,838 shares during the period. Teachers Advisors Inc. raised its stake in shares of Lennox International by 0.9% in the second quarter. Teachers Advisors Inc. now owns 266,392 shares of the company’s stock worth $37,987,000 after buying an additional 2,349 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Lennox International by 28.1% in the second quarter. TIAA CREF Investment Management LLC now owns 244,921 shares of the company’s stock worth $34,926,000 after buying an additional 53,689 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Lennox International by 2.1% in the first quarter. Geode Capital Management LLC now owns 231,542 shares of the company’s stock worth $31,302,000 after buying an additional 4,817 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors.
Lennox International Company Profile
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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