Lennox International, Inc. (NYSE:LII) – Seaport Global Securities lifted their Q1 2017 earnings per share estimates for shares of Lennox International in a report released on Wednesday. Seaport Global Securities analyst W. Liptak now forecasts that the firm will earn $0.74 per share for the quarter, up from their previous estimate of $0.67. Seaport Global Securities also issued estimates for Lennox International’s Q2 2017 earnings at $2.86 EPS, Q4 2017 earnings at $1.73 EPS, FY2017 earnings at $8.10 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $3.17 EPS, Q3 2018 earnings at $3.15 EPS, Q4 2018 earnings at $1.97 EPS and FY2018 earnings at $9.07 EPS.
A number of other research firms have also recently commented on LII. Morgan Stanley cut shares of Lennox International from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $169.00 to $156.00 in a research note on Monday, December 19th. Stifel Nicolaus lifted their target price on shares of Lennox International from $160.00 to $171.00 and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird reiterated a “buy” rating and issued a $168.00 target price on shares of Lennox International in a research note on Friday, October 21st. Finally, Vertical Research reiterated a “hold” rating on shares of Lennox International in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Lennox International has a consensus rating of “Hold” and a consensus price target of $155.89.
Lennox International (NYSE:LII) opened at 163.24 on Thursday. The firm has a 50 day moving average of $155.03 and a 200-day moving average of $154.99. Lennox International has a 52-week low of $119.07 and a 52-week high of $164.93. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 25.82 and a beta of 1.10.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.07. The business earned $897 million during the quarter, compared to analyst estimates of $883.46 million. Lennox International had a net margin of 7.63% and a return on equity of 6,021.68%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share.
A number of large investors have recently modified their holdings of LII. Elkfork Partners LLC bought a new stake in shares of Lennox International during the fourth quarter valued at approximately $343,000. Comerica Bank raised its stake in shares of Lennox International by 5.2% in the fourth quarter. Comerica Bank now owns 35,590 shares of the company’s stock valued at $5,316,000 after buying an additional 1,751 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Lennox International during the fourth quarter valued at approximately $2,389,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Lennox International during the third quarter valued at approximately $615,000. Finally, Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Lennox International during the third quarter valued at approximately $712,000. 69.59% of the stock is owned by institutional investors.
In related news, CAO Roy A. Rumbough sold 582 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $156.43, for a total value of $91,042.26. Following the completion of the sale, the chief accounting officer now owns 2,105 shares of the company’s stock, valued at approximately $329,285.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Torres sold 6,234 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $163.85, for a total transaction of $1,021,440.90. Following the completion of the sale, the executive vice president now directly owns 6,963 shares of the company’s stock, valued at approximately $1,140,887.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,692 shares of company stock valued at $2,658,103. Insiders own 3.90% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, December 28th. Lennox International’s dividend payout ratio (DPR) is 27.17%.
Lennox International Company Profile
Lennox International Inc (LII) is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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