Lennox International Inc. (LII) Sets New 12-Month High at $147.19
Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $147.19 and last traded at $146.92, with a volume of 92,637 shares changing hands. The stock had previously closed at $144.38.
Several equities analysts have recently commented on the company. Seaport Global Securities upgraded Lennox International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $122.00 to $165.00 in a research report on Tuesday, April 19th. Goldman Sachs Group Inc. lowered Lennox International from a “buy” rating to a “neutral” rating and set a $136.00 price objective on the stock. in a research report on Monday, March 28th. Barclays PLC increased their price objective on Lennox International from $126.00 to $137.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. Morgan Stanley reiterated a “hold” rating on shares of Lennox International in a research report on Monday, April 18th. Finally, Susquehanna increased their price objective on Lennox International from $132.00 to $165.00 and gave the company a “positive” rating in a research report on Thursday, April 14th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $141.36.
The firm has a 50 day moving average price of $138.20 and a 200 day moving average price of $130.88. The firm has a market cap of $6.40 billion and a PE ratio of 33.6945.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, April 18th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business earned $715 million during the quarter, compared to analysts’ expectations of $722.88 million. Lennox International’s revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Lennox International Inc. will post $6.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.19%. This is a positive change from Lennox International’s previous quarterly dividend of $0.36.
In related news, Director John E. Major sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $137.37, for a total value of $137,370.00. Following the sale, the director now directly owns 8,338 shares in the company, valued at $1,145,391.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd M. Bluedorn sold 28,184 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $134.42, for a total value of $3,788,493.28. Following the completion of the sale, the chief executive officer now owns 238,727 shares in the company, valued at $32,089,683.34. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in Lennox International during the fourth quarter worth approximately $1,366,000. US Bancorp DE increased its stake in Lennox International by 7.1% in the fourth quarter. US Bancorp DE now owns 22,189 shares of the company’s stock worth $2,772,000 after buying an additional 1,475 shares in the last quarter. Rhumbline Advisers increased its stake in Lennox International by 1.2% in the fourth quarter. Rhumbline Advisers now owns 69,220 shares of the company’s stock worth $8,646,000 after buying an additional 844 shares in the last quarter. California State Teachers Retirement System increased its stake in Lennox International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 74,986 shares of the company’s stock worth $9,366,000 after buying an additional 1,200 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Lennox International by 4.7% in the fourth quarter. Nationwide Fund Advisors now owns 96,907 shares of the company’s stock worth $12,104,000 after buying an additional 4,359 shares in the last quarter.
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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