Lennox International Inc. (LII) Receives Consensus Recommendation of “Hold” from Brokerages
Lennox International Inc. (NYSE:LII) has been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the stock. Twelve analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $144.78.
A number of equities analysts have commented on LII shares. Zacks Investment Research upgraded shares of Lennox International from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Thursday, July 21st. Credit Suisse Group AG reiterated a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Morgan Stanley reiterated a “hold” rating and issued a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Stifel Nicolaus reduced their target price on shares of Lennox International from $172.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday. Finally, KeyCorp reiterated a “hold” rating on shares of Lennox International in a report on Monday, October 10th.
In other Lennox International news, Chairman Todd M. Bluedorn sold 29,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $153.53, for a total value of $4,537,118.56. Following the sale, the chairman now owns 236,733 shares in the company, valued at approximately $36,345,617.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Prakash Bedapudi sold 833 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was 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 owns 16,440 shares in the company, valued at approximately $2,544,090. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
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A number of large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Lennox International during the first quarter valued at approximately $163,000. Smithfield Trust Co. bought a new stake in Lennox International during the second quarter valued at approximately $194,000. Charter Trust Co. bought a new stake in Lennox International during the second quarter valued at approximately $249,000. Argent Capital Management LLC bought a new stake in Lennox International during the second quarter valued at approximately $285,000. Finally, Genesee Valley Trust Co. bought a new stake in Lennox International during the third quarter valued at approximately $291,000. Institutional investors and hedge funds own 68.68% of the company’s stock.
Shares of Lennox International (NYSE:LII) traded down 1.40% during mid-day trading on Wednesday, hitting $149.59. 378,025 shares of the stock were exchanged. Lennox International has a 12 month low of $105.65 and a 12 month high of $164.02. The stock has a market cap of $6.50 billion, a PE ratio of 29.60 and a beta of 1.26. The stock’s 50 day moving average is $158.50 and its 200-day moving average is $147.59.
Lennox International (NYSE:LII) last announced its earnings results on Monday, October 17th. The company reported $2.33 EPS for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.09. The business earned $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a net margin of 6.94% and a return on equity of 1,460.80%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. On average, analysts anticipate that Lennox International will post $6.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.43 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.72 annualized dividend and a yield of 1.13%. Lennox International’s dividend payout ratio is presently 30.44%.
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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