Lennox International Inc. (LII) Hits New 52-Week High at $154.69
Lennox International Inc. (NYSE:LII) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $154.69 and last traded at $154.29, with a volume of 294,648 shares changing hands. The stock had previously closed at $152.05.
A number of brokerages have issued reports on LII. Zacks Investment Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research note on Thursday, July 21st. Morgan Stanley reaffirmed a “hold” rating and issued a $159.00 price objective on shares of Lennox International in a research note on Wednesday, July 20th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Susquehanna lifted their price objective on shares of Lennox International from $132.00 to $165.00 and gave the company a “positive” rating in a research note on Thursday, April 14th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a research note on Tuesday, April 19th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $143.64.
The stock has a market capitalization of $6.73 billion and a PE ratio of 30.62. The firm has a 50-day moving average price of $142.68 and a 200-day moving average price of $133.05.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.18. The firm earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Lennox International Inc. will post $6.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.43 dividend. This is a boost from Lennox International’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, June 28th.
In related news, CEO Todd M. Bluedorn sold 28,184 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $134.42, for a total value of $3,788,493.28. Following the transaction, the chief executive officer now directly owns 238,727 shares in the company, valued at $32,089,683.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel M. Sessa sold 4,016 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $136.56, for a total transaction of $548,424.96. Following the completion of the transaction, the executive vice president now owns 40,920 shares in the company, valued at $5,588,035.20. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of LII. Cornerstone Capital Management Holdings LLC. bought a new position in Lennox International during the fourth quarter valued at $1,366,000. US Bancorp DE boosted its position in 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 period. BNP Paribas Arbitrage SA boosted its position in 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 period. Finally, Rail Splitter Capital Management LLC boosted its position in 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 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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