Lennox International Inc. (LII) Sets New 1-Year High at $159.60
Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $159.60 and last traded at $157.72, with a volume of 184,042 shares. The stock had previously closed at $158.72.
Several equities analysts have issued reports on LII shares. Susquehanna raised their price objective on Lennox International from $132.00 to $165.00 and gave the stock a “positive” rating in a report on Thursday, April 14th. Zacks Investment Research lowered Lennox International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley reiterated a “hold” rating and set a $159.00 target price on shares of Lennox International in a research note on Wednesday, July 20th. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a research note on Tuesday, April 19th. Finally, Barclays PLC increased their target price on shares of Lennox International from $126.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 19th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $143.64.
The stock has a market capitalization of $6.86 billion and a PE ratio of 31.232. The company’s 50 day moving average price is $148.22 and its 200 day moving average price is $135.85.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 18th. The company reported $2.53 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 analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Lennox International Inc. will post $6.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.43 dividend. This is a positive change from Lennox International’s previous quarterly dividend of $0.36. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, June 28th.
In other news, insider Terry L. Johnston sold 2,113 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $156.35, for a total value of $330,367.55. Following the completion of the sale, the insider now owns 19,228 shares of the company’s stock, valued at approximately $3,006,297.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul W. Schmidt sold 600 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was 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 of the company’s stock, valued at approximately $444,866.84. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new stake in Lennox International during the fourth quarter valued at $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 valued at $2,772,000 after buying an additional 1,475 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake 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 last quarter. Finally, Rail Splitter Capital Management LLC increased its stake 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 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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