Lennox International Inc. (NYSE:LII) – Equities research analysts at Seaport Global Securities lifted their FY2016 earnings per share (EPS) estimates for shares of Lennox International in a research note issued to investors on Monday. Seaport Global Securities analyst W. Liptak now expects that the firm will earn $6.87 per share for the year, up from their previous forecast of $6.83. Seaport Global Securities also issued estimates for Lennox International’s Q4 2016 earnings at $1.40 EPS, Q3 2017 earnings at $2.78 EPS, FY2017 earnings at $7.87 EPS, Q3 2018 earnings at $3.13 EPS and FY2018 earnings at $8.81 EPS.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, October 17th. The company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.09. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $1.82 earnings per share. Lennox International’s revenue was up 5.8% compared to the same quarter last year.
Several other analysts have also recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Lennox International in a research note on Monday, October 10th. Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a research note on Wednesday, August 31st. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $172.00 to $163.00 in a research note on Monday, August 15th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $159.00 price objective on shares of Lennox International in a research note on Wednesday, July 20th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $143.45.
Shares of Lennox International (NYSE:LII) traded down 0.84% during trading on Tuesday, reaching $153.92. 338,491 shares of the company traded hands. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 30.46 and a beta of 1.26. The company has a 50 day moving average price of $158.76 and a 200 day moving average price of $147.49. Lennox International has a 12-month low of $105.65 and a 12-month high of $164.02.
The firm 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. This represents a $1.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, September 28th. Lennox International’s payout ratio is 33.86%.
In other Lennox International news, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the sale, the director now directly owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Terry L. Johnston sold 2,113 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $156.35, for a total transaction of $330,367.55. Following the sale, 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. Company insiders own 3.90% of the company’s stock.
A number of large investors have recently bought and sold shares of LII. Donaldson Capital Management LLC raised its stake in Lennox International by 24.4% in the first quarter. Donaldson Capital Management LLC now owns 22,743 shares of the company’s stock worth $3,075,000 after buying an additional 4,458 shares during the last quarter. State Street Corp raised its stake in Lennox International by 1.4% in the first quarter. State Street Corp now owns 1,501,712 shares of the company’s stock worth $203,018,000 after buying an additional 20,858 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Lennox International during the first quarter worth $163,000. Geode Capital Management LLC raised its stake in 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. Finally, Friess Associates LLC acquired a new stake in Lennox International during the first quarter worth $7,301,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
About Lennox International
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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