Lennox International (LII) Getting Somewhat Favorable News Coverage, Analysis Finds
News stories about Lennox International (NYSE:LII) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lennox International earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.8770908077278 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Lennox International Schedules Third Quarter Conference Call – PR Newswire (press release) (prnewswire.com)
- Gary Bedard to Guide Lennox Refrigeration Business (contractingbusiness.com)
- Lennox International, Inc. (LII) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Wells Fargo & Company Boosts Lennox International, Inc. (LII) Price Target to $193.00 (americanbankingnews.com)
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. Lennox International’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 28th. Lennox International’s dividend payout ratio is 29.35%.
Several analysts have issued reports on LII shares. BidaskClub downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company reaffirmed a “buy” rating on shares of Lennox International in a research report on Monday, July 24th. UBS AG increased their price objective on shares of Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $171.00 price objective on shares of Lennox International in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $181.50.
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In related news, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total value of $1,944,330.25. Following the sale, the chairman now owns 181,410 shares of the company’s stock, valued at approximately $30,975,757.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Chris Kosel sold 357 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,216 shares of company stock worth $2,431,048. 3.90% of the stock is owned by insiders.
Lennox International Company Profile
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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