Lennox International Inc. (LII) Hits New 12-Month High at $149.03
Lennox International Inc. (NYSE:LII) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.03 and last traded at $147.40, with a volume of 220,890 shares. The stock had previously closed at $148.15.
Several equities research analysts recently issued reports on LII shares. Goldman Sachs Group Inc. cut shares of Lennox International from a “buy” rating to a “neutral” rating and set a $136.00 target price on the stock. in a research report on Monday, March 28th. Morgan Stanley raised their target price on shares of Lennox International from $131.00 to $139.00 in a research report on Thursday, April 7th. Susquehanna raised their target price on shares of Lennox International from $132.00 to $165.00 and gave the stock a “positive” rating in a research report on Thursday, April 14th. Seaport Global Securities raised shares of Lennox International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $122.00 to $165.00 in a research report on Tuesday, April 19th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Lennox International in a research report on Monday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $141.36.
The stock has a market cap of $6.41 billion and a P/E ratio of 33.73. The stock’s 50 day moving average price is $139.83 and its 200-day moving average price is $131.54.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, April 18th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $715 million for the quarter, compared to analyst estimates of $722.88 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Lennox International Inc. will post $6.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.43 per share. This is a boost from Lennox International’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.16%.
In other news, COO Douglas L. Young sold 4,407 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $137.00, for a total transaction of $603,759.00. Following the completion of the transaction, the chief operating officer now directly owns 69,266 shares in the company, valued at $9,489,442. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John E. Major sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $137.37, for a total value of $137,370.00. Following the transaction, the director now owns 8,338 shares of the company’s stock, valued at $1,145,391.06. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have modified their holdings of the company. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Lennox International during the fourth quarter worth approximately $1,366,000. US Bancorp DE raised its position in shares of 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 during the period. Rhumbline Advisers raised its position in shares of 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 during the period. BNP Paribas Arbitrage SA raised its position in shares of Lennox International by 47.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 124,521 shares of the company’s stock worth $15,553,000 after buying an additional 39,947 shares during the period. Finally, Rail Splitter Capital Management LLC raised its position in shares of Lennox International by 9.4% in the fourth quarter. Rail Splitter Capital Management LLC now owns 129,043 shares of the company’s stock worth $16,117,000 after buying an additional 11,085 shares during the period.
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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