Lennox International Inc. (LII) Hits New 52-Week High at $154.69
Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high on Tuesday . The company traded as high as $154.69 and last traded at $154.29, with a volume of 294,648 shares. The stock had previously closed at $152.05.
Several brokerages have commented on LII. Credit Suisse Group AG reissued a “hold” rating on shares of Lennox International in a research report on Saturday, July 9th. Zacks Investment Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research report on Wednesday, April 20th. Barclays PLC boosted their price target on shares of Lennox International from $126.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 19th. Robert W. Baird reissued a “buy” rating on shares of Lennox International in a research report on Tuesday, April 19th. Finally, Seaport Global Securities raised shares of Lennox International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $122.00 to $165.00 in a research report on Tuesday, April 19th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $143.64.
The stock has a 50-day moving average price of $143.65 and a 200 day moving average price of $133.49. The firm has a market cap of $6.86 billion and a PE ratio of 31.2211.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.18. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Lennox International Inc. will post $6.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.43 per share. This is an increase from Lennox International’s previous quarterly dividend of $0.36. This represents a $1.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, June 28th.
In related news, CEO Todd M. Bluedorn sold 28,184 shares of the stock in a transaction dated 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 directly owns 238,727 shares of the company’s stock, valued at approximately $32,089,683.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul W. Schmidt sold 600 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $136.84, for a total transaction of $82,104.00. Following the sale, the director now directly owns 3,251 shares in the company, valued at $444,866.84. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in LII. BNP Paribas Arbitrage SA increased 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 period. 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 during the period. 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 during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Lennox International during the fourth quarter valued at approximately $1,366,000.
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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