Lennox International, Inc. (NYSE:LII) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $171.40.
Several equities analysts have recently issued reports on the company. Wolfe Research started coverage on Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley restated an “underweight” rating and issued a $161.00 price target (down previously from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. BidaskClub lowered Lennox International from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, TheStreet lowered Lennox International from a “b” rating to a “c+” rating in a research note on Friday, April 28th.
In other Lennox International news, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the completion of the sale, the chairman now directly owns 181,410 shares in the company, valued at approximately $30,975,757.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David W. Moon sold 2,350 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,094 shares of company stock valued at $2,409,181. 3.60% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its stake in Lennox International by 19.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock worth $103,000 after buying an additional 101 shares during the period. Huntington National Bank raised its stake in Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after buying an additional 81 shares during the period. Genesee Valley Trust Co. raised its stake in Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock worth $376,000 after buying an additional 24 shares during the period. Copper Rock Capital Partners LLC raised its stake in Lennox International by 308.7% in the second quarter. Copper Rock Capital Partners LLC now owns 2,632 shares of the construction company’s stock worth $403,000 after buying an additional 1,988 shares during the period. Finally, Argent Capital Management LLC raised its stake in Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock worth $436,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.
Shares of Lennox International (NYSE LII) opened at 172.40 on Tuesday. The stock has a market cap of $7.27 billion, a PE ratio of 24.83 and a beta of 1.14. The company’s 50 day moving average price is $181.66 and its 200 day moving average price is $170.99. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 EPS. On average, analysts anticipate that Lennox International will post $8.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.51 per share. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, June 28th. Lennox International’s payout ratio is 29.35%.
About Lennox International
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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