Lennox International Inc. (LII) Sets New 1-Year High at $149.03
Lennox International Inc. (NYSE:LII) shares reached a new 52-week high on Thursday . The stock traded as high as $149.03 and last traded at $147.40, with a volume of 220,890 shares changing hands. The stock had previously closed at $148.15.
Several research analysts have recently weighed in 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 price objective for the company. in a report on Monday, March 28th. Morgan Stanley upped their target price on shares of Lennox International from $131.00 to $139.00 in a report on Thursday, April 7th. Susquehanna upped their target price on shares of Lennox International from $132.00 to $165.00 and gave the company a “positive” rating in a report on Thursday, April 14th. Seaport Global Securities raised shares of Lennox International from a “neutral” rating to a “buy” rating and upped their target price for the company from $122.00 to $165.00 in a report on Tuesday, April 19th. Finally, Barclays PLC upped their target price on shares of Lennox International from $126.00 to $137.00 and gave the company an “equal weight” rating in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $141.36.
The company has a market capitalization of $6.45 billion and a PE ratio of 33.96. The firm has a 50-day moving average price of $140.48 and a 200 day moving average price of $131.81.
Lennox International (NYSE:LII) last released its 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 company earned $715 million during the quarter, compared to analyst estimates of $722.88 million. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Equities research analysts expect that Lennox International Inc. will post $6.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $0.36.
In other Lennox International news, Director Paul W. Schmidt sold 600 shares of Lennox International stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $136.84, for a total transaction of $82,104.00. Following the completion of the sale, the director now directly owns 3,251 shares in the company, valued at approximately $444,866.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd M. Bluedorn sold 28,184 shares of Lennox International stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $134.42, for a total transaction of $3,788,493.28. Following the sale, the chief executive officer now owns 238,727 shares of the company’s stock, valued at $32,089,683.34. The disclosure for this sale can be found here.
A number of hedge funds have made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Lennox International during the fourth quarter valued at approximately $1,366,000. US Bancorp DE boosted its stake 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 valued at $2,772,000 after buying an additional 1,475 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Lennox International by 1.2% in the fourth quarter. Rhumbline Advisers now owns 69,220 shares of the company’s stock valued at $8,646,000 after buying an additional 844 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 valued at $15,553,000 after buying an additional 39,947 shares during the last quarter. Finally, Rail Splitter Capital Management LLC boosted its stake 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 valued at $16,117,000 after buying an additional 11,085 shares during 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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