Lennox International, Inc. (NYSE:LII) – Investment analysts at William Blair cut their Q1 2017 earnings per share estimates for Lennox International in a research note issued on Tuesday. William Blair analyst R. Merkel now expects that the brokerage will earn $0.72 per share for the quarter, down from their prior estimate of $0.73. William Blair also issued estimates for Lennox International’s Q2 2017 earnings at $2.68 EPS, Q3 2017 earnings at $2.63 EPS and Q4 2017 earnings at $1.75 EPS.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.07. Lennox International had a net margin of 7.63% and a return on equity of 6,021.68%. The business had revenue of $897 million for the quarter, compared to analyst estimates of $883.46 million. During the same quarter last year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.
Several other brokerages have also weighed in on LII. Stifel Nicolaus lifted their target price on shares of Lennox International to $171.00 in a research report on Thursday. Vertical Research restated a “hold” rating on shares of Lennox International in a research report on Wednesday, December 14th. Morgan Stanley restated a “sell” rating and issued a $156.00 price target on shares of Lennox International in a research report on Tuesday, December 20th. Finally, Robert W. Baird restated a “buy” rating and issued a $168.00 price target on shares of Lennox International in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Lennox International has an average rating of “Hold” and a consensus target price of $155.89.
Shares of Lennox International (NYSE:LII) opened at 163.95 on Thursday. Lennox International has a one year low of $118.77 and a one year high of $164.57. The company has a market capitalization of $7.05 billion, a PE ratio of 25.93 and a beta of 1.10. The company’s 50-day moving average is $154.81 and its 200-day moving average is $154.91.
Several large investors have recently bought and sold shares of the company. American International Group Inc. increased its stake in Lennox International by 0.6% in the third quarter. American International Group Inc. now owns 75,357 shares of the company’s stock worth $11,833,000 after buying an additional 463 shares during the period. Congress Asset Management Co. MA increased its stake in Lennox International by 6.6% in the second quarter. Congress Asset Management Co. MA now owns 322,008 shares of the company’s stock worth $45,918,000 after buying an additional 19,838 shares during the period. Rhumbline Advisers increased its stake in Lennox International by 4.7% in the third quarter. Rhumbline Advisers now owns 72,468 shares of the company’s stock worth $11,380,000 after buying an additional 3,227 shares during the period. Cantab Capital Partners LLP increased its stake in Lennox International by 210.0% in the second quarter. Cantab Capital Partners LLP now owns 6,712 shares of the company’s stock worth $957,000 after buying an additional 4,547 shares during the period. Finally, Nationwide Fund Advisors increased its stake in Lennox International by 21.5% in the third quarter. Nationwide Fund Advisors now owns 118,951 shares of the company’s stock worth $18,679,000 after buying an additional 21,051 shares during the period. 69.59% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Todd M. Bluedorn sold 9,170 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $155.98, for a total transaction of $1,430,336.60. Following the completion of the sale, the chairman now directly owns 205,223 shares of the company’s stock, valued at $32,010,683.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Roy A. Rumbough sold 582 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $156.43, for a total transaction of $91,042.26. Following the sale, the chief accounting officer now directly owns 2,105 shares of the company’s stock, valued at $329,285.15. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, December 28th. Lennox International’s dividend payout ratio is presently 27.17%.
About Lennox International
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.