News articles about Lennox International (NYSE:LII) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lennox International earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.426886073381 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research firms have recently issued reports on LII. Barclays began coverage on Lennox International in a report on Thursday, February 15th. They issued an “overweight” rating and a $233.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $207.00 target price (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. Wells Fargo reaffirmed a “market perform” rating and issued a $210.00 target price (up from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. UBS began coverage on Lennox International in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 target price for the company. Finally, Robert W. Baird reduced their target price on Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Lennox International has a consensus rating of “Hold” and a consensus target price of $207.88.
NYSE LII traded up $1.69 on Wednesday, hitting $205.75. 381,196 shares of the stock traded hands, compared to its average volume of 320,400. Lennox International has a 12 month low of $160.18 and a 12 month high of $223.05. The firm has a market cap of $8,236.18, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 19.37.
Lennox International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 13th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, March 29th. Lennox International’s dividend payout ratio (DPR) is 25.76%.
In other Lennox International news, CFO Joseph William Reitmeier sold 6,149 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $203.50, for a total transaction of $1,251,321.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $210.95, for a total value of $2,721,465.95. Following the sale, the chairman now owns 183,360 shares in the company, valued at approximately $38,679,792. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,871 shares of company stock valued at $13,263,390. 3.60% of the stock is owned by corporate insiders.
About Lennox International
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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