Lennox International Inc. (NYSE:LII) – Investment analysts at Seaport Global Securities upped their Q2 2018 earnings per share estimates for Lennox International in a research report issued on Wednesday. Seaport Global Securities analyst W. Liptak now expects that the construction company will post earnings of $3.49 per share for the quarter, up from their previous estimate of $3.12. Seaport Global Securities also issued estimates for Lennox International’s Q3 2018 earnings at $3.32 EPS, Q4 2018 earnings at $2.47 EPS, FY2018 earnings at $10.33 EPS, Q2 2019 earnings at $3.82 EPS, Q3 2019 earnings at $3.68 EPS, Q4 2019 earnings at $2.65 EPS and FY2019 earnings at $11.00 EPS.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.03. The company had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. Lennox International’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS.

A number of other brokerages have also recently weighed in on LII. Morgan Stanley raised their price objective on Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a report on Tuesday, October 24th. Stifel Nicolaus raised their price objective on Lennox International from $187.00 to $192.00 and gave the company a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Credit Suisse Group reissued a “neutral” rating and set a $180.00 price objective (up from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $210.00 price objective (up from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. 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 company. Lennox International has an average rating of “Hold” and a consensus price target of $201.43.

Lennox International (LII) opened at $198.06 on Friday. The firm has a market capitalization of $8,064.02, a PE ratio of 27.70, a P/E/G ratio of 0.95 and a beta of 1.17. The company has a current ratio of 1.74, a quick ratio of 0.72 and a debt-to-equity ratio of 19.37. Lennox International has a 1-year low of $157.37 and a 1-year high of $223.05.

Lennox International declared that its board has initiated a stock buyback plan on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.51 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.03%. Lennox International’s dividend payout ratio (DPR) is currently 28.53%.

In other Lennox International news, EVP Prakash Bedapudi sold 3,201 shares of Lennox International stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $196.25, for a total value of $628,196.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Todd M. Bluedorn sold 12,901 shares of Lennox International stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the transaction, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The disclosure for this sale can be found here. Insiders sold a total of 27,484 shares of company stock worth $5,662,461 over the last ninety days. Insiders own 3.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in LII. State Street Corp increased its stake in Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after purchasing an additional 128,170 shares during the period. Achmea Investment Management B.V. purchased a new position in Lennox International in the 2nd quarter worth approximately $239,000. Canada Pension Plan Investment Board purchased a new position in Lennox International in the 3rd quarter worth approximately $3,830,000. Tocqueville Asset Management L.P. increased its stake in Lennox International by 60.0% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock worth $716,000 after purchasing an additional 1,500 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Lennox International by 49.3% in the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock worth $23,839,000 after purchasing an additional 44,000 shares during the period. 68.96% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Lennox International (NYSE:LII)

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