Trading Report: The Q3 2016 EPS Estimates for Lennox International Inc. Raised by KeyCorp (LII)

The Q3 2016 EPS Estimates for Lennox International Inc. Raised by KeyCorp (LII)

Lennox International Inc. (NYSE:LII) – Equities research analysts at KeyCorp raised their Q3 2016 earnings per share (EPS) estimates for Lennox International in a research note issued to investors on Wednesday. KeyCorp analyst J. Hammond now anticipates that the firm will post earnings of $2.33 per share for the quarter, up from their prior forecast of $2.22. KeyCorp also issued estimates for Lennox International’s FY2016 earnings at $6.90 EPS.

Lennox International (NYSE:LII) last posted its earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.18. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. Lennox International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share.

LII has been the topic of several other research reports. Zacks Investment Research cut shares of Lennox International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Morgan Stanley reiterated a “hold” rating and issued a $159.00 price target on shares of Lennox International in a research note on Wednesday, July 20th. Credit Suisse Group AG reiterated a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a research note on Wednesday, August 31st. Finally, Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $172.00 to $163.00 in a research note on Monday, August 15th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $143.45.

Shares of Lennox International (NYSE:LII) opened at 161.45 on Friday. The firm has a 50-day moving average of $158.70 and a 200 day moving average of $146.31. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 31.95 and a beta of 1.26. Lennox International has a one year low of $105.65 and a one year high of $164.02.

Institutional investors have recently modified their holdings of the company. Copper Rock Capital Partners LLC bought a new position in shares of Lennox International during the second quarter worth approximately $374,000. Charter Trust Co. bought a new position in shares of Lennox International during the second quarter worth approximately $249,000. Denali Advisors LLC bought a new position in shares of Lennox International during the second quarter worth approximately $599,000. Arizona State Retirement System increased its position in shares of Lennox International by 4.8% in the first quarter. Arizona State Retirement System now owns 21,808 shares of the company’s stock worth $2,948,000 after buying an additional 1,000 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Lennox International by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,930 shares of the company’s stock worth $5,128,000 after buying an additional 751 shares in the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.

In other Lennox International news, CFO Joseph William Reitmeier sold 10,700 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $150.93, for a total value of $1,614,951.00. Following the transaction, the chief financial officer now directly owns 14,826 shares in the company, valued at approximately $2,237,688.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Moon sold 4,500 shares of the company’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $151.16, for a total transaction of $680,220.00. Following the completion of the transaction, the executive vice president now owns 106,368 shares in the company, valued at $16,078,586.88. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.72 annualized dividend and a yield of 1.07%. Lennox International’s payout ratio is 33.86%.

Lennox International Company Profile

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