William Blair Weighs in on Lennox International Inc.’s Q3 2021 Earnings (NYSE:LII)


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Lennox International Inc. (NYSE:LII) – Equities research analysts at William Blair increased their Q3 2021 earnings per share estimates for shares of Lennox International in a report released on Monday, April 5th. William Blair analyst R. Merkel now anticipates that the construction company will earn $3.40 per share for the quarter, up from their prior estimate of $3.39. William Blair also issued estimates for Lennox International’s Q4 2021 earnings at $2.52 EPS.

Several other research analysts have also commented on the company. Morgan Stanley lifted their target price on Lennox International from $240.00 to $258.00 and gave the stock an “underweight” rating in a research report on Monday, March 29th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $285.00 price objective on shares of Lennox International in a report on Wednesday, March 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lennox International from $285.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, December 17th. Jefferies Financial Group lifted their price target on shares of Lennox International from $295.00 to $300.00 and gave the company a “hold” rating in a report on Friday, January 15th. Finally, Barclays increased their price objective on shares of Lennox International from $300.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $260.38.

NYSE:LII opened at $326.72 on Wednesday. The stock has a 50-day simple moving average of $299.11 and a 200 day simple moving average of $286.40. Lennox International has a one year low of $168.94 and a one year high of $328.96. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 35.21 and a beta of 0.81.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Tuesday, February 2nd. The construction company reported $2.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.26. The company had revenue of $914.00 million during the quarter, compared to analyst estimates of $884.28 million. Lennox International had a net margin of 9.95% and a negative return on equity of 176.45%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $2.45 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.77 per share. The ex-dividend date is Tuesday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.94%. Lennox International’s dividend payout ratio (DPR) is presently 27.52%.

In related news, CEO Todd M. Bluedorn sold 7,841 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $302.28, for a total value of $2,370,177.48. Following the sale, the chief executive officer now directly owns 96,105 shares in the company, valued at approximately $29,050,619.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Torres sold 2,166 shares of Lennox International stock in a transaction on Wednesday, January 13th. The shares were sold at an average price of $283.81, for a total value of $614,732.46. Following the sale, the executive vice president now directly owns 8,794 shares in the company, valued at approximately $2,495,825.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,842 shares of company stock worth $5,691,509. Corporate insiders own 3.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in shares of Lennox International by 57.4% during the 3rd quarter. Captrust Financial Advisors now owns 296 shares of the construction company’s stock worth $81,000 after buying an additional 108 shares in the last quarter. AJO LP bought a new stake in Lennox International during the fourth quarter worth approximately $49,000. Graves Light Private Wealth Management Inc. acquired a new stake in Lennox International in the fourth quarter worth approximately $84,000. NuWave Investment Management LLC boosted its stake in Lennox International by 144.2% during the 4th quarter. NuWave Investment Management LLC now owns 635 shares of the construction company’s stock valued at $174,000 after purchasing an additional 375 shares in the last quarter. Finally, FDx Advisors Inc. increased its position in shares of Lennox International by 16.8% during the 4th quarter. FDx Advisors Inc. now owns 3,436 shares of the construction company’s stock valued at $941,000 after purchasing an additional 493 shares during the period. 66.33% of the stock is owned by institutional investors and hedge funds.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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Earnings History and Estimates for Lennox International (NYSE:LII)

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