Lennox International, Inc. (NYSE:LII) released its quarterly earnings results on Monday. The construction company reported $2.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.07, Briefing.com reports. Lennox International had a return on equity of 1,371.49% and a net margin of 7.97%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Lennox International updated its FY17 guidance to $7.75-8.15 EPS.

Shares of Lennox International (NYSE LII) traded down 3.33% during trading on Monday, reaching $176.34. The company had a trading volume of 574,886 shares. The company has a market cap of $7.52 billion, a P/E ratio of 25.98 and a beta of 1.15. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The firm has a 50-day moving average of $184.15 and a 200-day moving average of $169.57.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, June 28th. Lennox International’s dividend payout ratio is 30.13%.

In related news, Director Max H. Mitchell purchased 600 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average price of $168.30 per share, with a total value of $100,980.00. Following the completion of the acquisition, the director now directly owns 739 shares in the company, valued at approximately $124,373.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Norris III sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $8,383,167.66. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Several hedge funds have recently modified their holdings of LII. 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 in the last quarter. Huntington National Bank boosted its position in shares of Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after buying an additional 81 shares in the last quarter. Genesee Valley Trust Co. boosted its position in shares of Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock worth $376,000 after buying an additional 24 shares in the last quarter. Copper Rock Capital Partners LLC boosted its position in shares of Lennox International by 308.7% in the second quarter. Copper Rock Capital Partners LLC now owns 2,632 shares of the construction company’s stock worth $403,000 after buying an additional 1,988 shares in the last quarter. Finally, Argent Capital Management LLC boosted its position in shares of Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock worth $436,000 after buying an additional 60 shares in the last quarter. 68.63% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently commented on LII shares. TheStreet upgraded Lennox International from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. Cowen and Company restated a “buy” rating on shares of Lennox International in a research note on Monday. BidaskClub upgraded Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Wolfe Research began coverage on Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company restated a “market perform” rating and set a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $173.14.

Lennox International Company Profile

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.

Earnings History for Lennox International (NYSE:LII)

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