William Blair Equities Analysts Increase Earnings Estimates for Lennox International Inc. (LII)
Lennox International Inc. (NYSE:LII) – Equities research analysts at William Blair lifted their FY2018 earnings per share (EPS) estimates for Lennox International in a research note issued on Wednesday. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $9.00 per share for the year, up from their prior estimate of $8.90. William Blair also issued estimates for Lennox International’s FY2020 earnings at $11.65 EPS.
A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company restated a “market perform” rating and issued a $210.00 price target (up from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $207.00 price target (up from $193.00) on shares of Lennox International in a research note on Monday, December 11th. Cowen reiterated a “buy” rating and set a $210.00 target price on shares of Lennox International in a research report on Wednesday, November 29th. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Finally, Morgan Stanley lifted their target price on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $191.83.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company posted $2.33 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in shares of Lennox International by 114.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after acquiring an additional 300 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Lennox International by 4.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after acquiring an additional 28 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of Lennox International in the 2nd quarter valued at $213,000. Achmea Investment Management B.V. bought a new stake in shares of Lennox International in the 2nd quarter valued at $239,000. Finally, Toronto Dominion Bank increased its stake in Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after purchasing an additional 1,146 shares in the last quarter. Institutional investors own 68.78% of the company’s stock.
In other news, Director Paul W. Schmidt sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $193.46, for a total value of $145,095.00. Following the transaction, the director now owns 2,689 shares in the company, valued at approximately $520,213.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Todd M. Bluedorn sold 8,313 shares of Lennox International stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now owns 181,973 shares of the company’s stock, valued at approximately $36,929,600.62. The disclosure for this sale can be found here. Insiders sold a total of 27,794 shares of company stock worth $5,495,107 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.51 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.98%. Lennox International’s dividend payout ratio (DPR) is currently 28.90%.
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About Lennox International
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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