Lennox International Inc. (NYSE:LII) – Equities researchers at KeyCorp dropped their Q4 2016 EPS estimates for shares of Lennox International in a note issued to investors on Monday. KeyCorp analyst J. Hammond now expects that the firm will post earnings per share of $1.46 for the quarter, down from their prior forecast of $1.47. KeyCorp currently has a “Hold” rating on the stock.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, October 17th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share.
Several other research firms also recently issued reports on LII. Susquehanna downgraded Lennox International from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $172.00 to $163.00 in a report on Monday, August 15th. Zacks Investment Research downgraded Lennox International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $159.00 price objective on shares of Lennox International in a report on Wednesday, July 20th. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $143.45.
Lennox International (NYSE:LII) traded down 0.56% during mid-day trading on Tuesday, reaching $154.35. The company had a trading volume of 356,232 shares. The firm’s 50-day moving average price is $158.76 and its 200-day moving average price is $147.49. Lennox International has a 12 month low of $105.65 and a 12 month high of $164.02. The stock has a market cap of $6.71 billion, a PE ratio of 30.55 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, September 28th. Lennox International’s dividend payout ratio is currently 33.86%.
In related news, Chairman Todd M. Bluedorn sold 29,552 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $153.53, for a total value of $4,537,118.56. Following the completion of the sale, the chairman now owns 236,733 shares in the company, valued at approximately $36,345,617.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Norris III sold 1,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the completion of the sale, the director now owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in Lennox International during the first quarter worth approximately $163,000. Smithfield Trust Co. purchased a new stake in Lennox International during the second quarter worth approximately $194,000. Charter Trust Co. purchased a new stake in Lennox International during the second quarter worth approximately $249,000. Argent Capital Management LLC purchased a new stake in Lennox International during the second quarter worth approximately $285,000. Finally, Genesee Valley Trust Co. purchased a new stake in Lennox International during the third quarter worth approximately $291,000. Institutional investors and hedge funds own 68.68% of the company’s stock.
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