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.
TRADEMARK VIOLATION NOTICE: “Lennox International Inc. Plans Quarterly Dividend of $0.64 (LII)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2019/03/15/lennox-international-inc-plans-quarterly-dividend-of-0-64-lii.html.
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.
Recommended Story: What economic reports are most valuable to investors?
Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.