TheStreet upgraded shares of Lennox International Inc. (NYSE:LII) from a c+ rating to a b- rating in a research note issued to investors on Wednesday.
Separately, Stifel Nicolaus lifted their price target on Lennox International from $171.00 to $180.00 and gave the stock a hold rating in a research report on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $167.20.
Lennox International (NYSE:LII) traded up 2.59% on Wednesday, reaching $176.14. The company’s stock had a trading volume of 186,463 shares. The firm’s 50 day moving average price is $167.50 and its 200-day moving average price is $160.03. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 25.95 and a beta of 1.10. Lennox International has a 1-year low of $132.37 and a 1-year high of $176.47.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, April 24th. The construction company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.13. Lennox International had a return on equity of 6,021.68% and a net margin of 7.63%. The company had revenue of $793.40 million during the quarter, compared to analysts’ expectations of $746.37 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Lennox International will post $7.93 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s payout ratio is 27.17%.
In other news, CAO Roy A. Rumbough sold 2,259 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $172.01, for a total value of $388,570.59. Following the completion of the transaction, the chief accounting officer now owns 2,105 shares of the company’s stock, valued at approximately $362,081.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel M. Sessa sold 6,990 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $170.27, for a total value of $1,190,187.30. Following the completion of the transaction, the executive vice president now directly owns 51,667 shares of the company’s stock, valued at approximately $8,797,340.09. The disclosure for this sale can be found here. In the last three months, insiders sold 56,491 shares of company stock valued at $9,625,757. Insiders own 3.90% of the company’s stock.
Several institutional investors have recently modified their holdings of LII. Mutual of America Capital Management LLC boosted its position in shares of Lennox International by 2.6% in the third quarter. Mutual of America Capital Management LLC now owns 29,627 shares of the construction company’s stock valued at $4,652,000 after buying an additional 740 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Lennox International by 10.1% in the third quarter. Hanseatic Management Services Inc. now owns 17,904 shares of the construction company’s stock valued at $2,811,000 after buying an additional 1,641 shares during the period. Advantus Capital Management Inc boosted its position in shares of Lennox International by 2.1% in the third quarter. Advantus Capital Management Inc now owns 4,800 shares of the construction company’s stock valued at $754,000 after buying an additional 100 shares during the period. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Lennox International during the third quarter valued at about $712,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Lennox International during the third quarter valued at about $615,000. 68.82% of the stock is owned by institutional investors and hedge funds.
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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