Lennox International Inc. (NYSE:LII) announced its quarterly earnings results on Monday. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. Lennox International’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. Lennox International updated its FY16 guidance to $6.75-6.95 EPS.
Shares of Lennox International (NYSE:LII) opened at 155.22 on Tuesday. The firm’s 50-day moving average price is $158.76 and its 200-day moving average price is $147.49. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 30.72 and a beta of 1.26. Lennox International has a 12-month low of $105.65 and a 12-month high of $164.02.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.11%. Lennox International’s dividend payout ratio is currently 33.86%.
LII has been the subject of a number of research reports. Zacks Investment Research lowered Lennox International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. 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 issued a $159.00 price target on shares of Lennox International in a report on Wednesday, July 20th. Susquehanna lowered Lennox International from a “positive” rating to a “neutral” rating and lowered their price target for the company from $172.00 to $163.00 in a report on Monday, August 15th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $143.45.
In other news, Chairman Todd M. Bluedorn sold 29,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $153.53, for a total transaction of $4,537,118.56. Following the completion of the sale, the chairman now owns 236,733 shares in the company, valued at approximately $36,345,617.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David W. Moon sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $151.16, for a total transaction of $680,220.00. Following the sale, the executive vice president now owns 106,368 shares of the company’s stock, valued at approximately $16,078,586.88. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Charter Trust Co. increased its stake in shares of Lennox International by 16.0% in the third quarter. Charter Trust Co. now owns 2,023 shares of the company’s stock worth $318,000 after buying an additional 279 shares in the last quarter. Genesee Valley Trust Co. purchased a new stake in shares of Lennox International during the third quarter worth about $291,000. Oregon Public Employees Retirement Fund increased its stake in shares of Lennox International by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,646 shares of the company’s stock worth $2,143,000 after buying an additional 267 shares in the last quarter. Dorsey Wright & Associates increased its stake in shares of Lennox International by 8.7% in the third quarter. Dorsey Wright & Associates now owns 18,142 shares of the company’s stock worth $2,849,000 after buying an additional 1,456 shares in the last quarter. Finally, Copper Rock Capital Partners LLC increased its stake in shares of Lennox International by 14.7% in the third quarter. Copper Rock Capital Partners LLC now owns 3,012 shares of the company’s stock worth $470,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.
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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