Q3 2016 EPS Estimates for Lennox International Inc. Raised by KeyCorp (LII)
Lennox International Inc. (NYSE:LII) – Stock analysts at KeyCorp boosted their Q3 2016 earnings per share estimates for shares of Lennox International in a research note issued to investors on Wednesday. KeyCorp analyst J. Hammond now forecasts that the firm will post earnings per share of $2.33 for the quarter, up from their prior forecast of $2.22. KeyCorp also issued estimates for Lennox International’s FY2016 earnings at $6.90 EPS.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, topping 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 business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis.
LII has been the subject of several other reports. Zacks Investment Research cut Lennox International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. 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. Credit Suisse Group AG restated a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Wells Fargo & Co. restated a “hold” rating on shares of Lennox International in a research note on Wednesday, August 31st. Finally, Susquehanna cut Lennox International from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $172.00 to $163.00 in a research note on Monday, August 15th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $143.45.
Lennox International (NYSE:LII) opened at 161.45 on Friday. The firm has a market capitalization of $7.02 billion, a PE ratio of 31.95 and a beta of 1.26. The stock’s 50 day moving average is $158.70 and its 200-day moving average is $146.31. Lennox International has a 1-year low of $105.65 and a 1-year high of $164.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders 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 dividend yield of 1.07%. The ex-dividend date is Wednesday, September 28th. Lennox International’s dividend payout ratio (DPR) is 33.86%.
In other news, EVP David W. Moon sold 4,500 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Norris III sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $161.73, for a total value 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. Insiders own 3.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC raised its position in Lennox International by 15.1% in the first quarter. Aperio Group LLC now owns 21,141 shares of the company’s stock worth $2,858,000 after buying an additional 2,776 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in Lennox International by 14.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 7,800 shares of the company’s stock worth $1,054,000 after buying an additional 1,000 shares during the last quarter. Teachers Advisors Inc. raised its position in Lennox International by 99.7% in the first quarter. Teachers Advisors Inc. now owns 264,043 shares of the company’s stock worth $35,696,000 after buying an additional 131,828 shares during the last quarter. Donaldson Capital Management LLC raised its position in Lennox International by 24.4% in the first quarter. Donaldson Capital Management LLC now owns 22,743 shares of the company’s stock worth $3,075,000 after buying an additional 4,458 shares during the last quarter. Finally, State Street Corp raised 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 worth $203,018,000 after buying an additional 20,858 shares during the last quarter. 68.70% of the stock is currently owned by institutional investors.
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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