Lennox International Inc. (NYSE:LII) – Equities research analysts at Seaport Global Securities reduced their FY2017 EPS estimates for Lennox International in a research note issued to investors on Thursday. Seaport Global Securities analyst W. Liptak now anticipates that the construction company will post earnings per share of $7.93 for the year, down from their previous estimate of $7.96. Seaport Global Securities also issued estimates for Lennox International’s Q3 2018 earnings at $2.97 EPS and FY2018 earnings at $9.12 EPS.
LII has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of Lennox International from $161.00 to $166.00 and gave the company an “underweight” rating in a report on Monday, September 25th. Cowen restated a “buy” rating and issued a $210.00 target price on shares of Lennox International in a report on Wednesday, November 29th. Stifel Nicolaus restated a “hold” rating and issued a $207.00 target price (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. Wolfe Research restated a “peer perform” rating on shares of Lennox International in a report on Tuesday, October 3rd. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $210.00 target price (up from $193.00) on shares of Lennox International in a report on Thursday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Lennox International presently has an average rating of “Hold” and an average price target of $191.83.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. Lennox International’s payout ratio is currently 28.90%.
In other news, insider Gary S. Bedard sold 369 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $204.47, for a total transaction of $75,449.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph William Reitmeier sold 922 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $193.03, for a total transaction of $177,973.66. Following the transaction, the chief financial officer now owns 14,233 shares in the company, valued at $2,747,395.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,605 shares of company stock worth $5,252,694. Insiders own 3.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of LII. Ameriprise Financial Inc. increased its position in Lennox International by 160.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after purchasing an additional 178,481 shares in the last quarter. State Street Corp increased its position in Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after purchasing an additional 128,170 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Lennox International during the 2nd quarter worth approximately $20,855,000. Schroder Investment Management Group increased its position in Lennox International by 15.6% during the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after purchasing an additional 72,804 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its position in Lennox International by 124.9% during the 2nd quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock worth $21,926,000 after purchasing an additional 66,300 shares in the last quarter. 68.90% of the stock is owned by hedge funds and other institutional investors.
Lennox International Company Profile
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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