Lennox International, Inc. (LII) Declares $0.51 Quarterly Dividend
Lennox International, Inc. (NYSE:LII) declared a quarterly dividend on Thursday, September 14th, RTT News reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.51 per share by the construction company on Monday, October 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.22%.
Lennox International has increased its dividend payment by an average of 32.4% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Lennox International has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lennox International to earn $9.04 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 22.6%.
Shares of Lennox International (NYSE LII) traded down 0.24% on Thursday, hitting $167.07. 246,883 shares of the stock were exchanged. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 24.07 and a beta of 1.14. The company has a 50 day moving average of $167.57 and a 200 day moving average of $172.57. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $2.53 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Lennox International will post $8.00 earnings per share for the current year.
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In related news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the sale, the chairman now directly owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the sale, the vice president now directly owns 1,379 shares in the company, valued at $239,270.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,094 shares of company stock worth $2,409,181. 3.90% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on LII. BidaskClub cut Lennox International from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley restated an “underweight” rating and issued a $161.00 price objective (down from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Cowen and Company raised their price objective on Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, TheStreet upgraded Lennox International from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $177.50.
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.
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