FY2024 EPS Estimates for Lennox International Inc. Raised by William Blair (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Equities researchers at William Blair boosted their FY2024 earnings per share (EPS) estimates for Lennox International in a research note issued on Thursday, April 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $20.29 per share for the year, up from their prior estimate of $20.24. The consensus estimate for Lennox International’s current full-year earnings is $19.75 per share.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.17. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%.

A number of other equities analysts have also commented on the company. StockNews.com lowered Lennox International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered Lennox International from a “neutral” rating to an “underweight” rating and cut their price target for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research note on Thursday, February 1st. They set a “buy” rating and a $523.00 price target on the stock. TD Cowen upped their price target on Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company upped their price target on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $473.67.

Lennox International Price Performance

Lennox International stock opened at $471.16 on Monday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41. The firm has a market cap of $16.78 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.31 and a beta of 1.02. The business’s fifty day moving average is $467.74 and its two-hundred day moving average is $429.94. Lennox International has a 52 week low of $243.67 and a 52 week high of $501.72.

Institutional Investors Weigh In On Lennox International

Several large investors have recently modified their holdings of the business. Tobam grew its holdings in shares of Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC acquired a new position in Lennox International during the first quarter valued at approximately $41,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Lennox International during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC acquired a new position in Lennox International during the fourth quarter valued at approximately $80,000. Finally, UniSuper Management Pty Ltd acquired a new position in Lennox International during the second quarter valued at approximately $98,000. 67.07% of the stock is currently owned by institutional investors.

Insider Activity at Lennox International

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.93%. Lennox International’s dividend payout ratio is presently 26.60%.

Lennox International Company Profile

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. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.