KeyCorp Reaffirms Hold Rating for Lennox International Inc. (LII)
Lennox International Inc. (NYSE:LII)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a research note issued on Monday.
Several other equities research analysts have also recently commented on the stock. Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a research report on Wednesday, August 31st. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $172.00 to $163.00 in a research report on Monday, August 15th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Morgan Stanley reiterated a “hold” rating and issued a $159.00 price target on shares of Lennox International in a research report on Wednesday, July 20th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Lennox International in a research report on Saturday, July 9th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $143.45.
Lennox International (NYSE:LII) traded up 0.95% during midday trading on Monday, hitting $162.98. 321,161 shares of the company traded hands. Lennox International has a 12-month low of $105.65 and a 12-month high of $164.02. The company has a market cap of $7.09 billion, a PE ratio of 32.25 and a beta of 1.26. The stock has a 50 day moving average price of $158.87 and a 200-day moving average price of $146.73.
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Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.18. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 earnings per share. Analysts expect that Lennox International will post $6.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.72 annualized dividend and a yield of 1.06%. Lennox International’s dividend payout ratio (DPR) is presently 33.86%.
In related news, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $161.73, for a total value of $161,730.00. Following the completion of the sale, the director now owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Roy A. Rumbough sold 1,410 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $151.23, for a total value of $213,234.30. Following the completion of the sale, the chief accounting officer now directly owns 3,934 shares of the company’s stock, valued at approximately $594,938.82. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Lennox International during the first quarter valued at approximately $163,000. Smithfield Trust Co. purchased a new stake in shares of Lennox International during the second quarter valued at approximately $194,000. Charter Trust Co. purchased a new stake in shares of Lennox International during the second quarter valued at approximately $249,000. Argent Capital Management LLC purchased a new stake in shares of Lennox International during the second quarter valued at approximately $285,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Lennox International by 67.6% in the second quarter. LS Investment Advisors LLC now owns 2,399 shares of the company’s stock valued at $342,000 after buying an additional 968 shares during the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.
About Lennox International
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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