Lennox International Inc. (NYSE:LII) Declares $1.15 Quarterly Dividend

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 1.15 per share by the construction company on Tuesday, October 15th. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, September 30th.

Lennox International has raised its dividend by an average of 12.3% per year over the last three years and has increased its dividend every year for the last 15 years. Lennox International has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $22.96 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 20.0%.

Lennox International Stock Performance

NYSE:LII traded down $10.92 during trading on Friday, reaching $604.87. The company’s stock had a trading volume of 233,854 shares, compared to its average volume of 274,877. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.09. The firm has a 50 day moving average of $576.06 and a 200-day moving average of $526.91.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.15 EPS. Research analysts expect that Lennox International will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LII. TD Cowen increased their price target on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Wells Fargo & Company cut Lennox International from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Robert W. Baird increased their price objective on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Stephens reissued an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $555.00.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,052 shares of company stock valued at $7,563,793. Corporate insiders own 10.40% of the company’s stock.

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.