Lennox International Inc. (NYSE:LII) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Lennox International Inc. (NYSE:LII) have earned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $590.50.

LII has been the topic of several analyst reports. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Northcoast Research assumed coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Mizuho raised their target price on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Lennox International Trading Up 0.8 %

NYSE LII opened at $647.92 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. Lennox International has a one year low of $412.09 and a one year high of $682.50. The stock’s 50-day moving average is $636.68 and its 200-day moving average is $601.58. The firm has a market cap of $23.08 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.69 and a beta of 1.11.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $5.37 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts anticipate that Lennox International will post 21.12 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insider Activity at Lennox International

In other news, EVP John D. Torres sold 581 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the sale, the executive vice president now directly owns 4,668 shares in the company, valued at $2,898,734.64. This represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the sale, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. This represents a 22.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock valued at $1,353,233 over the last ninety days. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC bought a new position in Lennox International during the 2nd quarter valued at approximately $11,115,000. Geode Capital Management LLC raised its position in shares of Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after purchasing an additional 12,183 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Lennox International by 1,065.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after acquiring an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Lennox International by 26.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after acquiring an additional 4,927 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock valued at $33,304,000 after buying an additional 2,013 shares during the period. Institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.