Lennox International’s (LII) “Hold” Rating Reaffirmed at KeyCorp
A number of other brokerages also recently weighed in on LII. Wells Fargo & Co. reaffirmed a hold rating on shares of Lennox International in a research note on Wednesday, August 31st. Susquehanna downgraded shares of Lennox International from a positive rating to a neutral rating and dropped their target price for the stock from $172.00 to $163.00 in a research note on Monday, August 15th. Zacks Investment Research downgraded shares of Lennox International from a buy rating to a hold rating in a research note on Saturday, August 6th. Morgan Stanley reaffirmed a hold rating and issued a $159.00 target price on shares of Lennox International in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG reaffirmed 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 assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $143.45.
Lennox International (NYSE:LII) traded down 0.99% during trading on Monday, reaching $161.36. 22,054 shares of the company were exchanged. The firm has a 50-day moving average of $158.87 and a 200-day moving average of $146.73. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 31.93 and a beta of 1.26. Lennox International has a 52-week low of $105.65 and a 52-week high of $164.02.
Lennox International (NYSE:LII) last released its quarterly 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. On average, equities analysts forecast that Lennox International will post $6.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, September 28th. Lennox International’s dividend payout ratio is currently 33.86%.
In other news, EVP David W. Moon sold 4,500 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $151.16, for a total value 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 legal 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 stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the completion of 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. 3.90% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of LII. Geode Capital Management LLC raised its position in shares of 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. 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 in the last quarter. 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 in the last quarter. Friess Associates LLC acquired a new position in Lennox International during the first quarter worth approximately $7,301,000. Finally, Argent Capital Management LLC acquired a new position in Lennox International during the second quarter worth approximately $285,000. 68.71% 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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