Lennox International Inc. (LII) to Post FY2016 Earnings of $6.87 Per Share, Seaport Global Securities Forecasts
Lennox International Inc. (NYSE:LII) – Equities researchers at Seaport Global Securities upped their FY2016 earnings estimates for shares of Lennox International in a research note issued on Monday. Seaport Global Securities analyst W. Liptak now expects that the firm will post earnings of $6.87 per share for the year, up from their previous estimate of $6.83. Seaport Global Securities also issued estimates for Lennox International’s Q4 2016 earnings at $1.40 EPS, Q3 2017 earnings at $2.78 EPS, FY2017 earnings at $7.87 EPS, Q3 2018 earnings at $3.13 EPS and FY2018 earnings at $8.81 EPS.
LII has been the topic of a number of other reports. Wells Fargo & Co. restated a “hold” rating on shares of Lennox International in a research report on Wednesday, August 31st. KeyCorp restated a “hold” rating on shares of Lennox International in a research report on Monday, October 10th. Susquehanna lowered shares of Lennox International from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $172.00 to $163.00 in a research report on Monday, August 15th. Zacks Investment Research lowered shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, Morgan Stanley restated a “hold” rating and set a $159.00 target price on shares of Lennox International in a research report on Wednesday, July 20th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lennox International presently has a consensus rating of “Hold” and an average target price of $143.45.
Shares of Lennox International (NYSE:LII) opened at 151.71 on Tuesday. Lennox International has a 12-month low of $105.65 and a 12-month high of $164.02. The stock’s 50 day moving average is $158.50 and its 200-day moving average is $147.59. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 30.02 and a beta of 1.26.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 17th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.09. Lennox International had a net margin of 6.94% and a return on equity of 1,460.80%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $0.43 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.13%. Lennox International’s payout ratio is 30.44%.
In other news, EVP Douglas L. Young sold 4,407 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $157.85, for a total value of $695,644.95. Following the completion of the transaction, the executive vice president now owns 60,452 shares of the company’s stock, valued at $9,542,348.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Norris III sold 1,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $161.73, for a total value of $161,730.00. Following the completion of the transaction, the director now directly owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Parametric Portfolio Associates LLC boosted its position in Lennox International by 116.4% in the second quarter. Parametric Portfolio Associates LLC now owns 132,150 shares of the company’s stock valued at $18,845,000 after buying an additional 71,069 shares during the last quarter. Friess Associates LLC boosted its position in shares of Lennox International by 118.5% in the second quarter. Friess Associates LLC now owns 118,000 shares of the company’s stock valued at $16,827,000 after buying an additional 63,994 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of 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 in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Lennox International during the second quarter valued at $7,122,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Lennox International by 209.0% in the second quarter. Canada Pension Plan Investment Board now owns 58,400 shares of the company’s stock valued at $8,328,000 after buying an additional 39,500 shares in the last quarter. 68.68% of the stock is 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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