Lennox International, Inc. (LII) Given Average Rating of “Hold” by Analysts
Lennox International, Inc. (NYSE:LII) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $173.00.
A number of brokerages have commented on LII. Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Morgan Stanley reiterated an “underweight” rating and issued a $161.00 price objective (down previously from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. BidaskClub lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th.
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In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the sale, the chairman now owns 181,410 shares in the company, valued at approximately $30,975,757.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David W. Moon sold 2,350 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total transaction of $402,907.50. Following the completion of the sale, the executive vice president now owns 112,408 shares in the company, valued at approximately $19,272,351.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,094 shares of company stock worth $2,409,181. Company insiders own 3.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Lennox International by 0.5% in the 2nd quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock valued at $85,504,000 after purchasing an additional 2,333 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of Lennox International by 7.6% in the 2nd quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after purchasing an additional 31,840 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lennox International by 9.1% in the 1st quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock valued at $48,322,000 after purchasing an additional 23,973 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Lennox International by 2.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 151,399 shares of the construction company’s stock valued at $27,803,000 after purchasing an additional 3,087 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.
Lennox International (LII) traded up 0.75% during trading on Friday, reaching $172.97. The company had a trading volume of 400,373 shares. The company has a market capitalization of $7.30 billion, a PE ratio of 24.92 and a beta of 1.14. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58. The stock has a 50 day moving average price of $166.98 and a 200-day moving average price of $172.58.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Lennox International will post $8.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.51 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. Lennox International’s dividend payout ratio (DPR) is presently 29.35%.
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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