KeyCorp Weighs in on Lennox International Inc.’s Q3 2022 Earnings (NYSE:LII)

Lennox International Inc. (NYSE:LIIGet Rating) – Equities research analysts at KeyCorp cut their Q3 2022 EPS estimates for shares of Lennox International in a report released on Monday, April 25th. KeyCorp analyst J. Hammond now forecasts that the construction company will post earnings of $4.34 per share for the quarter, down from their previous estimate of $4.53. KeyCorp also issued estimates for Lennox International’s Q4 2022 earnings at $2.71 EPS.

A number of other research firms also recently issued reports on LII. Cowen cut their target price on shares of Lennox International from $325.00 to $295.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lennox International from $394.00 to $334.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. TheStreet downgraded shares of Lennox International from a “b-” rating to a “c+” rating in a research report on Wednesday, February 16th. Morgan Stanley increased their price target on shares of Lennox International from $253.00 to $254.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Mizuho dropped their target price on shares of Lennox International from $295.00 to $225.00 and set an “underperform” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Lennox International currently has a consensus rating of “Hold” and an average price target of $281.10.

Lennox International stock opened at $223.70 on Thursday. Lennox International has a 1 year low of $223.19 and a 1 year high of $356.36. The company has a market cap of $8.06 billion, a PE ratio of 18.05, a PEG ratio of 1.35 and a beta of 0.88. The company’s 50-day moving average is $257.49 and its two-hundred day moving average is $287.36.

Lennox International (NYSE:LIIGet Rating) last issued its quarterly earnings data on Monday, April 25th. The construction company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.29. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $977.60 million. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 8.5% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in the business. Impax Asset Management Group plc boosted its position in Lennox International by 7.0% during the fourth quarter. Impax Asset Management Group plc now owns 535,633 shares of the construction company’s stock worth $173,151,000 after purchasing an additional 35,026 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lennox International by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 468,286 shares of the construction company’s stock worth $151,681,000 after buying an additional 4,202 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of 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 buying an additional 96,641 shares in the last quarter. True North Advisors LLC acquired a new stake in shares of Lennox International during the fourth quarter worth $64,763,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of 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 buying an additional 1,379 shares in the last quarter. 64.12% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Todd M. Bluedorn sold 9,298 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel M. Sessa sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.12, for a total transaction of $536,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,311 shares of company stock valued at $3,561,574 over the last ninety days. Company insiders own 3.40% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, March 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.65%. Lennox International’s dividend payout ratio is currently 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.

Further Reading

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

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