Lennox International Inc. (NYSE:LII) – Research analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Lennox International in a note issued to investors on Sunday, according to Zacks Investment Research. KeyCorp analyst J. Hammond now forecasts that the construction company will post earnings per share of $8.00 for the year, up from their prior forecast of $7.90. KeyCorp also issued estimates for Lennox International’s FY2018 earnings at $8.95 EPS.
A number of other research analysts have also recently weighed in on LII. Stifel Nicolaus boosted their target price on shares of Lennox International from $160.00 to $171.00 and gave the company a “hold” rating in a research note on Thursday, February 9th. TheStreet cut shares of Lennox International from a “b” rating to a “c+” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Lennox International has a consensus rating of “Hold” and an average price target of $167.20.
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Shares of Lennox International (NYSE:LII) traded up 2.21% on Tuesday, hitting $175.49. 410,656 shares of the stock traded hands. Lennox International has a 52 week low of $132.37 and a 52 week high of $176.47. The stock has a 50 day moving average price of $167.50 and a 200-day moving average price of $160.03. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 25.85 and a beta of 1.10.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, April 24th. The construction company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.13. The firm had revenue of $793.40 million for the quarter, compared to analysts’ expectations of $746.37 million. Lennox International had a net margin of 7.63% and a return on equity of 6,021.68%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.51 per share. This is a boost from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, June 28th. Lennox International’s dividend payout ratio is presently 27.17%.
In related news, EVP Daniel M. Sessa sold 6,990 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $170.27, for a total transaction of $1,190,187.30. Following the sale, the executive vice president now directly owns 51,667 shares in the company, valued at approximately $8,797,340.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Norris III sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $167.66, for a total transaction of $167,660.00. Following the sale, the director now owns 50,001 shares in the company, valued at $8,383,167.66. The disclosure for this sale can be found here. Insiders have sold a total of 56,491 shares of company stock worth $9,625,757 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. 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. Cigna Investments Inc. New purchased a new stake in Lennox International during the fourth quarter worth $232,000. Elkfork Partners LLC purchased a new stake in Lennox International during the fourth quarter worth $343,000. Argent Capital Management LLC raised its stake in Lennox International by 10.2% in the third quarter. Argent Capital Management LLC now owns 2,207 shares of the construction company’s stock worth $347,000 after buying an additional 205 shares during the period. Finally, DIAM Co. Ltd. raised its stake in Lennox International by 656.0% in the third quarter. DIAM Co. Ltd. now owns 2,268 shares of the construction company’s stock worth $353,000 after buying an additional 1,968 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.
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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