Lennox International Inc. (NYSE:LII) announced a quarterly dividend on Friday, December 7th, RTT News reports. Shareholders of record on Monday, December 31st will be given a dividend of 0.64 per share by the construction company on Tuesday, January 15th. This represents a $2.56 dividend on an annualized basis and a yield of 1.21%.
Lennox International has increased its dividend by an average of 20.3% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Lennox International has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lennox International to earn $11.67 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 21.9%.
LII opened at $211.05 on Friday. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.26 and a beta of 1.10. Lennox International has a 1-year low of $177.36 and a 1-year high of $230.66.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.20). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a negative return on equity of 474.74% and a net margin of 8.31%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. Equities analysts predict that Lennox International will post 8.95 EPS for the current fiscal year.
In other news, Director John W. Norris III sold 1,400 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $215.84, for a total transaction of $302,176.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gary S. Bedard sold 498 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $230.00, for a total transaction of $114,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,271 shares of company stock valued at $5,053,581 in the last quarter. Insiders own 3.90% of the company’s stock.
A number of equities research analysts have weighed in on LII shares. Morgan Stanley started coverage on Lennox International in a research report on Monday, August 20th. They issued an “underweight” rating and a $201.00 target price for the company. Cowen restated a “buy” rating and issued a $240.00 target price on shares of Lennox International in a research report on Monday, October 22nd. UBS Group upped their target price on Lennox International from $217.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Robert W. Baird cut their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Finally, ValuEngine upgraded Lennox International from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $221.67.
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Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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