Lennox International, Inc. (NYSE:LII – Get Free Report) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $600.1667.
Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Lennox International from $535.00 to $475.00 and set an “underweight” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada cut their target price on Lennox International from $598.00 to $555.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company lowered their price target on Lennox International from $575.00 to $545.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Wolfe Research raised Lennox International from an “underperform” rating to a “peer perform” rating in a research note on Thursday, November 13th. Finally, Barclays decreased their target price on Lennox International from $730.00 to $700.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd.
Check Out Our Latest Stock Report on Lennox International
Lennox International Stock Performance
Lennox International (NYSE:LII – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.69 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.54 billion. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. Lennox International’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. Equities analysts anticipate that Lennox International will post 22.94 earnings per share for the current year.
Lennox International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Lennox International’s dividend payout ratio is currently 21.95%.
Insider Activity at Lennox International
In related news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares in the company, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Todd J. Teske sold 600 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $491.85, for a total transaction of $295,110.00. Following the sale, the director owned 7,581 shares in the company, valued at approximately $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.73% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorShares Investments LLC acquired a new position in Lennox International during the 2nd quarter worth $25,000. Root Financial Partners LLC purchased a new position in shares of Lennox International in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Lennox International by 175.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock worth $46,000 after buying an additional 51 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Lennox International by 125.0% during the second quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock worth $46,000 after buying an additional 45 shares during the period. Finally, Covestor Ltd increased its stake in shares of Lennox International by 217.2% during the third quarter. Covestor Ltd now owns 92 shares of the construction company’s stock worth $48,000 after buying an additional 63 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.
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