Lennox International Inc. Plans Quarterly Dividend of $0.64 (LII)

Lennox International Inc. (NYSE:LII) announced a quarterly dividend on Friday, March 15th, RTT News reports. Investors of record on Monday, April 1st will be paid a dividend of 0.64 per share by the construction company on Monday, April 15th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.02%.

Lennox International has increased its dividend payment by an average of 20.3% annually over the last three years and has raised its dividend every year for the last 7 years. Lennox International has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lennox International to earn $12.73 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 20.1%.

Shares of Lennox International stock traded up $2.69 during mid-day trading on Friday, reaching $250.91. 4,829 shares of the stock were exchanged, compared to its average volume of 263,457. The stock has a market capitalization of $9.87 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. Lennox International has a fifty-two week low of $177.36 and a fifty-two week high of $250.92.

Lennox International (NYSE:LII) last announced its earnings results on Tuesday, February 5th. The construction company reported $1.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.93. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. The business had revenue of $843.60 million during the quarter, compared to analysts’ expectations of $855.97 million. During the same quarter last year, the company posted $1.68 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that Lennox International will post 12.29 EPS for the current year.

A number of equities research analysts have commented on LII shares. Cowen reissued a “buy” rating and set a $220.00 price objective on shares of Lennox International in a report on Thursday, December 13th. Buckingham Research started coverage on shares of Lennox International in a report on Monday, December 10th. They set a “neutral” rating and a $219.00 price objective on the stock. Morgan Stanley set a $202.00 price objective on shares of Lennox International and gave the stock a “sell” rating in a report on Friday, February 8th. Barclays reissued a “buy” rating and set a $232.00 price objective on shares of Lennox International in a report on Thursday, December 13th. Finally, Credit Suisse Group lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $253.00 to $255.00 in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Lennox International currently has a consensus rating of “Hold” and a consensus price target of $229.17.

In other news, EVP Daniel M. Sessa sold 5,181 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $246.00, for a total value of $1,274,526.00. Following the transaction, the executive vice president now owns 52,464 shares of the company’s stock, valued at approximately $12,906,144. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris Kosel sold 147 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $212.88, for a total transaction of $31,293.36. Following the completion of the transaction, the vice president now directly owns 1,027 shares in the company, valued at approximately $218,627.76. The disclosure for this sale can be found here. Insiders sold a total of 20,993 shares of company stock worth $5,153,690 in the last ninety days. Insiders own 3.90% of the company’s stock.

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Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Dividend History for Lennox International (NYSE:LII)

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