Lennox International Inc. (LII) Upgraded to “B-” by TheStreet
Lennox International Inc. (NYSE:LII) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Wednesday.
Separately, Stifel Nicolaus upped their target price on shares of Lennox International from $171.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Lennox International has a consensus rating of “Hold” and a consensus price target of $167.20.
Lennox International (NYSE:LII) traded up 2.43% during midday trading on Wednesday, hitting $175.88. The company had a trading volume of 198,747 shares. The company’s 50 day moving average is $167.50 and its 200 day moving average is $160.03. Lennox International has a 12-month low of $132.37 and a 12-month high of $176.47. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 25.91 and a beta of 1.10.
Lennox International (NYSE:LII) last posted its earnings results on Monday, April 24th. The construction company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.13. The business 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 firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Lennox International will post $7.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.19%. This is a boost from Lennox International’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, June 28th. Lennox International’s dividend payout ratio is currently 27.17%.
In other news, Director Max H. Mitchell acquired 600 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $168.30 per share, with a total value of $100,980.00. Following the completion of the purchase, the director now owns 739 shares of the company’s stock, valued at $124,373.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Roy A. Rumbough sold 2,259 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $172.01, for a total transaction of $388,570.59. Following the sale, the chief accounting officer now directly owns 2,105 shares in the company, valued at $362,081.05. The disclosure for this sale can be found here. Insiders have sold 56,491 shares of company stock worth $9,625,757 over the last ninety days. Insiders own 3.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Schroder Investment Management Group boosted its stake in shares of Lennox International by 65.0% in the first quarter. Schroder Investment Management Group now owns 463,778 shares of the construction company’s stock valued at $78,021,000 after buying an additional 182,677 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Lennox International by 8.4% in the first quarter. Congress Asset Management Co. MA now owns 416,495 shares of the construction company’s stock valued at $69,680,000 after buying an additional 32,232 shares in the last quarter. Norges Bank purchased a new stake in shares of Lennox International during the fourth quarter valued at $57,541,000. Geode Capital Management LLC boosted its stake in shares of Lennox International by 9.1% in the first quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock valued at $48,322,000 after buying an additional 23,973 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Lennox International by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 266,740 shares of the construction company’s stock worth $40,857,000 after buying an additional 3,625 shares during the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.
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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