Lennox International Inc. (NYSE:LII – Get Rating) – Investment analysts at William Blair increased their Q2 2022 earnings estimates for shares of Lennox International in a research report issued on Monday, July 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $5.20 per share for the quarter, up from their prior forecast of $5.07. The consensus estimate for Lennox International’s current full-year earnings is $14.12 per share. William Blair also issued estimates for Lennox International’s Q3 2022 earnings at $4.15 EPS, Q4 2022 earnings at $2.78 EPS and FY2023 earnings at $15.50 EPS.
Lennox International (NYSE:LII – Get 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 $2.03 by $0.33. Lennox International had a net margin of 10.84% and a negative return on equity of 153.38%. 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 previous year, the business posted $2.27 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group cut their price objective on shares of Lennox International from $258.00 to $242.00 and set an “underperform” rating on the stock in a report on Tuesday, April 26th. Mizuho dropped their target price on shares of Lennox International from $295.00 to $225.00 and set an “underperform” rating for the company in a research report on Tuesday, April 26th. Cowen raised shares of Lennox International from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research report on Friday, July 8th. Wells Fargo & Company dropped their target price on shares of Lennox International from $231.00 to $229.00 in a research report on Tuesday. Finally, Barclays dropped their target price on shares of Lennox International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, July 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $248.30.
Shares of LII stock opened at $216.23 on Tuesday. Lennox International has a 12 month low of $182.85 and a 12 month high of $345.65. The firm has a market capitalization of $7.76 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.15 and a beta of 0.90. The company’s fifty day moving average price is $207.35 and its two-hundred day moving average price is $247.49.
Several large investors have recently modified their holdings of LII. True North Advisors LLC acquired a new stake in shares of Lennox International in the 4th quarter worth approximately $64,763,000. Achmea Investment Management B.V. acquired a new stake in Lennox International during the first quarter valued at approximately $19,570,000. Millennium Management LLC lifted its stake in Lennox International by 49.1% during the fourth quarter. Millennium Management LLC now owns 157,171 shares of the construction company’s stock valued at $50,980,000 after purchasing an additional 51,781 shares during the last quarter. Toronto Dominion Bank lifted its stake in Lennox International by 776.0% during the fourth quarter. Toronto Dominion Bank now owns 43,905 shares of the construction company’s stock valued at $14,241,000 after purchasing an additional 38,893 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake 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 valued at $173,151,000 after purchasing an additional 35,026 shares during the last quarter. 68.73% of the stock is owned by institutional investors.
In other Lennox International news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $205.16, for a total value of $41,032.00. Following the completion of the transaction, the chief accounting officer now owns 2,297 shares in the company, valued at approximately $471,252.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Elliot S. Zimmer sold 1,035 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $214.19, for a total transaction of $221,686.65. Following the completion of the transaction, the chief operating officer now owns 2,443 shares of the company’s stock, valued at approximately $523,266.17. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, August 30th. Lennox International’s dividend payout ratio is presently 33.97%.
Lennox International Company Profile (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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