KeyCorp Reaffirms “Hold” Rating for Lennox International Inc. (LII)
Lennox International Inc. (NYSE:LII)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Monday.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group AG restated a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Zacks Investment Research lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley restated a “hold” rating and issued a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Susquehanna lowered shares of Lennox International from a “positive” rating to a “neutral” rating and dropped their target price for the company from $172.00 to $163.00 in a report on Monday, August 15th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $143.45.
Lennox International (NYSE:LII) opened at 161.45 on Monday. The stock has a 50 day moving average price of $158.70 and a 200 day moving average price of $146.31. The company has a market cap of $7.02 billion, a PE ratio of 31.95 and a beta of 1.26. Lennox International has a one year low of $105.65 and a one year high of $164.02.
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Lennox International (NYSE:LII) last released its earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.18. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. Lennox International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. On average, equities analysts anticipate that Lennox International will post $6.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, September 28th. Lennox International’s payout ratio is 33.86%.
In other Lennox International news, EVP Prakash Bedapudi sold 833 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $154.75, for a total value of $128,906.75. Following the completion of the sale, the executive vice president now directly owns 16,440 shares of the company’s stock, valued at approximately $2,544,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Norris III sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $161.73, for a total transaction of $161,730.00. Following the completion of the sale, the director now directly owns 266,339 shares of the company’s stock, valued at $43,075,006.47. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Lennox International by 1.4% in the first quarter. State Street Corp now owns 1,501,712 shares of the company’s stock worth $203,018,000 after buying an additional 20,858 shares during the last quarter. Congress Asset Management Co. MA increased its position in Lennox International by 6.6% in the second quarter. Congress Asset Management Co. MA now owns 322,008 shares of the company’s stock worth $45,918,000 after buying an additional 19,838 shares in the last quarter. Teachers Advisors Inc. increased its position in Lennox International by 0.9% in the second quarter. Teachers Advisors Inc. now owns 266,392 shares of the company’s stock worth $37,987,000 after buying an additional 2,349 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Lennox International by 28.1% in the second quarter. TIAA CREF Investment Management LLC now owns 244,921 shares of the company’s stock worth $34,926,000 after buying an additional 53,689 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Lennox International by 2.1% in the first quarter. Geode Capital Management LLC now owns 231,542 shares of the company’s stock worth $31,302,000 after buying an additional 4,817 shares in 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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