Lennox International’s (LII) Hold Rating Reiterated at KeyCorp
A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Co. reissued a hold rating on shares of Lennox International in a research report on Wednesday, August 31st. Susquehanna lowered shares of Lennox International from a positive rating to a neutral rating and cut their price target for the company from $172.00 to $163.00 in a research note on Monday, August 15th. Zacks Investment Research lowered shares of Lennox International from a buy rating to a hold rating in a research note on Saturday, August 6th. Morgan Stanley restated a hold rating and set a $159.00 price target on shares of Lennox International in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG restated a hold rating on shares of Lennox International in a research note on Saturday, July 9th. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $143.45.
Shares of Lennox International (NYSE:LII) opened at 159.13 on Monday. The company’s 50 day moving average is $158.92 and its 200 day moving average is $146.91. The company has a market cap of $6.92 billion, a P/E ratio of 31.49 and a beta of 1.26. Lennox International has a 12 month low of $105.65 and a 12 month high of $164.02.
Lennox International (NYSE:LII) last posted its earnings results on Monday, July 18th. The company reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.35 by $0.18. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. Lennox International’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Lennox International will post $6.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 28th. Lennox International’s dividend payout ratio (DPR) is presently 33.86%.
In other Lennox International news, EVP David W. Moon sold 4,500 shares of the stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $151.16, for a total transaction of $680,220.00. Following the transaction, the executive vice president now directly owns 106,368 shares of the company’s stock, valued at $16,078,586.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John W. Norris III sold 1,000 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the transaction, the director now directly owns 266,339 shares in the company, valued at $43,075,006.47. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Lennox International by 1.4% in the first quarter. State Street Corp now owns 1,501,712 shares of the company’s stock valued at $203,018,000 after buying an additional 20,858 shares during the last quarter. Congress Asset Management Co. MA increased its position in Lennox International by 6.6% in the second quarter. Congress Asset Management Co. MA now owns 322,008 shares of the company’s stock valued at $45,918,000 after buying an additional 19,838 shares during the last quarter. Teachers Advisors Inc. increased its position in Lennox International by 0.9% in the second quarter. Teachers Advisors Inc. now owns 266,392 shares of the company’s stock valued at $37,987,000 after buying an additional 2,349 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Lennox International by 28.1% in the second quarter. TIAA CREF Investment Management LLC now owns 244,921 shares of the company’s stock valued at $34,926,000 after buying an additional 53,689 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Lennox International by 2.1% in the first quarter. Geode Capital Management LLC now owns 231,542 shares of the company’s stock valued at $31,302,000 after buying an additional 4,817 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.
About Lennox International
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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