Lennox International Inc. (NYSE:LII – Get Rating) – Investment analysts at KeyCorp upped their Q3 2022 earnings per share (EPS) estimates for shares of Lennox International in a report released on Tuesday, April 12th. KeyCorp analyst J. Hammond now forecasts that the construction company will post earnings of $4.53 per share for the quarter, up from their prior forecast of $4.34.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Lennox International from $325.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 16th. Morgan Stanley dropped their target price on shares of Lennox International from $271.00 to $253.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lennox International from $394.00 to $334.00 in a research note on Thursday. Barclays dropped their target price on shares of Lennox International from $315.00 to $300.00 and set an “equal weight” rating for the company in a research note on Monday, April 4th. Finally, TheStreet downgraded shares of Lennox International from a “b-” rating to a “c+” rating in a research note on Wednesday, February 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $304.43.
Lennox International (NYSE:LII – Get Rating) last announced its quarterly earnings results on Tuesday, February 1st. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.35. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. The firm had revenue of $964.80 million during the quarter, compared to the consensus estimate of $954.87 million. During the same period last year, the firm posted $2.89 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, March 30th. Lennox International’s dividend payout ratio (DPR) is 29.70%.
In related news, EVP John D. Torres sold 2,013 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $261.04, for a total transaction of $525,473.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd M. Bluedorn sold 9,298 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total transaction of $2,499,860.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,224 shares of company stock valued at $3,817,670. 3.40% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc boosted its holdings in shares of Lennox International by 7.0% in the fourth quarter. Impax Asset Management Group plc now owns 535,633 shares of the construction company’s stock valued at $173,151,000 after buying an additional 35,026 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lennox International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 468,286 shares of the construction company’s stock valued at $151,681,000 after buying an additional 4,202 shares during the period. Schroder Investment Management Group boosted its holdings in Lennox International by 52.1% during the third quarter. Schroder Investment Management Group now owns 281,998 shares of the construction company’s stock worth $82,955,000 after purchasing an additional 96,641 shares during the last quarter. True North Advisors LLC bought a new stake in Lennox International during the fourth quarter worth $64,763,000. Finally, UBS Asset Management Americas Inc. raised its position in Lennox International by 0.9% during the third quarter. UBS Asset Management Americas Inc. now owns 160,194 shares of the construction company’s stock worth $47,124,000 after acquiring an additional 1,379 shares in the last quarter. Institutional investors own 64.12% of the company’s stock.
Lennox International Company Profile (Get Rating)
Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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