Lennox International, Inc. (NYSE:LII) Declares Dividend Increase – $1.36 Per Share

Lennox International, Inc. (NYSE:LII) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be paid a dividend of 1.36 per share by the construction company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. This is a 4.6% increase from Lennox International’s previous quarterly dividend of $1.30.

Lennox International has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Lennox International has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lennox International to earn $26.58 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 19.6%.

Lennox International Trading Down 2.6%

Shares of Lennox International stock opened at $480.38 on Friday. The stock has a market capitalization of $16.72 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.89 and a beta of 1.22. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $489.05 and a 200 day simple moving average of $502.68. Lennox International has a 12-month low of $434.06 and a 12-month high of $689.44.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 29th. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.19. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $3.63 EPS. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Research analysts expect that Lennox International will post 24.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LII has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on Lennox International from $630.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on Lennox International from $485.00 to $579.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Barclays cut their price target on Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lennox International in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lennox International has a consensus rating of “Hold” and an average target price of $575.46.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.