KeyCorp Research Analysts Increase Earnings Estimates for Lennox International Inc. (NYSE:LII)

Lennox International Inc. (NYSE:LII – Get Rating) – Research analysts at KeyCorp upped their Q1 2022 EPS estimates for Lennox International in a research note issued to investors on Tuesday, April 12th. KeyCorp analyst J. Hammond now anticipates that the construction company will post earnings of $2.03 per share for the quarter, up from their prior forecast of $1.93. KeyCorp also issued estimates for Lennox International’s Q2 2022 earnings at $4.79 EPS and Q4 2022 earnings at $2.65 EPS.

A number of other research firms have also recently weighed in on LII. Barclays lowered their target price on shares of Lennox International from $315.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Monday, April 4th. Morgan Stanley cut their price target on shares of Lennox International from $271.00 to $253.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Wells Fargo & Company upped their price target on shares of Lennox International from $325.00 to $331.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 16th. TheStreet cut shares of Lennox International from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th. Finally, StockNews.com assumed coverage on shares of Lennox International in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $304.43.

LII stock opened at $239.96 on Friday. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.33 and a beta of 0.88. The firm has a 50 day moving average price of $262.08 and a 200-day moving average price of $291.00. Lennox International has a 52-week low of $239.55 and a 52-week high of $356.36.

Lennox International (NYSE:LII – Get Rating) last released its earnings results on Tuesday, February 1st. The construction company reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.35. Lennox International had a negative return on equity of 192.84% and a net margin of 11.06%. The business had revenue of $964.80 million for the quarter, compared to analysts’ expectations of $954.87 million. During the same quarter in the prior year, the firm earned $2.89 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Lennox International by 421.6% during the third quarter. SG Americas Securities LLC now owns 14,699 shares of the construction company’s stock valued at $4,324,000 after buying an additional 11,881 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Lennox International by 12.6% in the 3rd quarter. New York State Common Retirement Fund now owns 79,042 shares of the construction company’s stock worth $23,252,000 after purchasing an additional 8,842 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Lennox International by 1.7% in the 3rd quarter. Dupont Capital Management Corp now owns 7,984 shares of the construction company’s stock valued at $2,349,000 after acquiring an additional 130 shares during the last quarter. SWS Partners bought a new stake in shares of Lennox International in the 3rd quarter valued at about $1,092,000. Finally, Achmea Investment Management B.V. raised its position in Lennox International by 240.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 36,680 shares of the construction company’s stock valued at $10,790,000 after purchasing an additional 25,907 shares during the last quarter. 64.12% of the stock is owned by institutional investors and hedge funds.

In other news, EVP John D. Torres sold 913 shares of the company’s stock in a transaction that occurred on Tuesday, January 25th. The stock was sold at an average price of $280.50, for a total transaction of $256,096.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd M. Bluedorn sold 9,298 shares of the stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total value of $2,499,860.28. The disclosure for this sale can be found here. Insiders have sold 14,224 shares of company stock valued at $3,817,670 over the last ninety days. Insiders own 3.40% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be given a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.53%. Lennox International’s dividend payout ratio is presently 29.70%.

About Lennox International (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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