Lennox International Inc. (NYSE:LII) – Equities researchers at KeyCorp issued their Q1 2019 earnings estimates for shares of Lennox International in a research report issued on Wednesday. KeyCorp analyst J. Hammond forecasts that the construction company will post earnings of $1.38 per share for the quarter. KeyCorp also issued estimates for Lennox International’s Q2 2019 earnings at $3.97 EPS, Q3 2019 earnings at $3.73 EPS and Q4 2019 earnings at $2.42 EPS.
LII has been the topic of a number of other reports. Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Lennox International in a research note on Wednesday, November 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $207.00 price target (up from $193.00) on shares of Lennox International in a research note on Monday, December 11th. Robert W. Baird dropped their price target on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. UBS Group began coverage on shares of Lennox International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $210.00 price target (up from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $201.43.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The business had revenue of $891.80 million for the quarter, compared to the consensus estimate of $906.85 million. During the same period in the prior year, the business posted $1.50 earnings per share. Lennox International’s revenue for the quarter was down .6% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the business. Advisor Partners LLC acquired a new position in Lennox International during the fourth quarter worth $216,000. Achmea Investment Management B.V. acquired a new position in Lennox International during the second quarter worth $239,000. Toronto Dominion Bank increased its position in Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after buying an additional 1,146 shares during the last quarter. Price Capital Management Inc. acquired a new position in Lennox International during the fourth quarter worth $638,000. Finally, Tocqueville Asset Management L.P. increased its position in Lennox International by 60.0% during the third quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock worth $716,000 after buying an additional 1,500 shares during the last quarter. 68.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Lennox International news, EVP Prakash Bedapudi sold 3,201 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $196.25, for a total transaction of $628,196.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $210.95, for a total transaction of $2,721,465.95. Following the transaction, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The disclosure for this sale can be found here. Insiders have sold 27,484 shares of company stock worth $5,662,461 over the last three months. Company insiders own 3.60% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, December 28th. Lennox International’s payout ratio is 28.53%.
Lennox International declared that its board has approved a stock buyback program on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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