Lennox International Inc. (LII) Sets New 52-Week High at $151.67
Lennox International Inc. (NYSE:LII) shares hit a new 52-week high on Wednesday . The company traded as high as $151.67 and last traded at $151.32, with a volume of 176,112 shares changing hands. The stock had previously closed at $150.96.
A number of research analysts recently weighed in on LII shares. Morgan Stanley raised their price objective on Lennox International from $131.00 to $139.00 in a research note on Thursday, April 7th. Zacks Investment Research raised Lennox International from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a report on Wednesday, April 20th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a report on Tuesday, April 19th. Seaport Global Securities raised Lennox International from a “neutral” rating to a “buy” rating and raised their target price for the company from $122.00 to $165.00 in a report on Tuesday, April 19th. Finally, Barclays PLC raised their target price on Lennox International from $126.00 to $137.00 and gave the company an “equal weight” rating in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Lennox International currently has a consensus rating of “Hold” and a consensus price target of $142.45.
The company has a market cap of $6.58 billion and a price-to-earnings ratio of 34.65. The company’s 50 day moving average is $141.14 and its 200 day moving average is $132.19.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.18. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.84 earnings per share. On average, equities research analysts forecast that Lennox International Inc. will post $6.70 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.14%. This is a boost from Lennox International’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, June 28th.
In other news, Director Paul W. Schmidt sold 600 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $136.84, for a total value 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 link. Also, EVP Daniel M. Sessa sold 4,016 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $136.56, for a total value of $548,424.96. Following the completion of the sale, the executive vice president now owns 40,920 shares of the company’s stock, valued at $5,588,035.20. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of LII. Rhumbline Advisers increased 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 in the last quarter. US Bancorp DE increased 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 in the last quarter. California Public Employees Retirement System increased its stake in shares of Lennox International by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 184,300 shares of the company’s stock valued at $23,019,000 after buying an additional 7,400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Lennox International during the fourth quarter valued at approximately $1,366,000. Finally, Rail Splitter Capital Management LLC increased 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 in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.