Lennox International (NYSE:LII) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Lennox International (NYSE:LII) issued its quarterly earnings data on Wednesday. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.30, reports. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lennox International updated its FY 2024 guidance to 19.000-20.000 EPS and its FY24 guidance to $19.00-20.00 EPS.

Lennox International Trading Up 0.3 %

Shares of Lennox International stock traded up $1.61 during trading hours on Friday, reaching $477.11. The stock had a trading volume of 272,027 shares, compared to its average volume of 272,637. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. Lennox International has a 1 year low of $264.88 and a 1 year high of $501.72. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02. The firm has a 50 day simple moving average of $472.39 and a two-hundred day simple moving average of $435.55.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is 25.49%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LII shares. TD Cowen increased their target price on Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Barclays increased their target price on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They set a “buy” rating and a $523.00 target price on the stock. Wells Fargo & Company reduced their target price on Lennox International from $545.00 to $520.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, KeyCorp increased their target price on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $482.31.

Insider Activity

In other news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently bought and sold shares of the business. Desjardins Global Asset Management Inc. grew its stake in Lennox International by 1.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 41 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in Lennox International by 14.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock valued at $289,000 after purchasing an additional 79 shares in the last quarter. Tobam grew its stake in Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after purchasing an additional 82 shares in the last quarter. Rise Advisors LLC acquired a new stake in Lennox International during the 1st quarter valued at approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Lennox International during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.