Lennox International Inc. (NYSE:LII) – Stock analysts at KeyCorp dropped their Q4 2016 EPS estimates for Lennox International in a research note issued on Monday. KeyCorp analyst J. Hammond now forecasts that the firm will post earnings of $1.46 per share for the quarter, down from their prior estimate of $1.47. KeyCorp currently has a “Hold” rating on the stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Lennox International from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Thursday, July 21st. Credit Suisse Group AG restated a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Morgan Stanley restated a “hold” rating and set a $159.00 price objective on shares of Lennox International in a report on Wednesday, July 20th. Stifel Nicolaus dropped their price objective on Lennox International from $172.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $145.00.
Shares of Lennox International (NYSE:LII) opened at 151.71 on Tuesday. Lennox International has a 1-year low of $105.65 and a 1-year high of $164.02. The company has a 50-day moving average of $158.50 and a 200-day moving average of $147.59. The firm has a market capitalization of $6.60 billion, a PE ratio of 30.02 and a beta of 1.26.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 17th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.09. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Lennox International had a net margin of 6.94% and a return on equity of 1,460.80%. Lennox International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, September 28th. Lennox International’s payout ratio is 30.44%.
In related news, EVP Prakash Bedapudi sold 833 shares of Lennox International stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $154.75, for a total transaction of $128,906.75. Following the completion of the transaction, the executive vice president now owns 16,440 shares in the company, valued at $2,544,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Todd M. Bluedorn sold 29,552 shares of Lennox International stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $153.53, for a total value of $4,537,118.56. Following the transaction, the chairman now owns 236,733 shares of the company’s stock, valued at approximately $36,345,617.49. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Charter Trust Co. boosted its position in 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 during the last quarter. Genesee Valley Trust Co. acquired a new position in Lennox International during the third quarter worth approximately $291,000. Oregon Public Employees Retirement Fund boosted its position in 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 during the last quarter. Dorsey Wright & Associates boosted its position in 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 during the last quarter. Finally, Copper Rock Capital Partners LLC boosted its position in 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 during 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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