Lennox International Inc. (NYSE:LII) – Investment analysts at KeyCorp raised their Q4 2021 EPS estimates for Lennox International in a report released on Monday, July 19th. KeyCorp analyst J. Hammond now expects that the construction company will earn $2.23 per share for the quarter, up from their prior estimate of $2.14.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Sunday, April 25th. The construction company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.98. Lennox International had a net margin of 11.13% and a negative return on equity of 343.80%. The firm had revenue of $930.50 million during the quarter, compared to analysts’ expectations of $788.99 million. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year.
Shares of NYSE:LII opened at $320.70 on Thursday. The stock’s fifty day moving average is $338.08. Lennox International has a fifty-two week low of $254.34 and a fifty-two week high of $356.36. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 27.93 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were given a dividend of $0.92 per share. This is an increase from Lennox International’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.15%. Lennox International’s dividend payout ratio (DPR) is 37.02%.
In other news, CEO Todd M. Bluedorn sold 6,936 shares of the firm’s stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $345.41, for a total value of $2,395,763.76. Following the sale, the chief executive officer now directly owns 75,762 shares in the company, valued at approximately $26,168,952.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Elliot S. Zimmer sold 596 shares of the firm’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $342.21, for a total transaction of $203,957.16. Following the completion of the sale, the chief operating officer now owns 2,095 shares in the company, valued at $716,929.95. The disclosure for this sale can be found here. Insiders have sold a total of 24,117 shares of company stock worth $8,207,102 in the last three months. Insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Lennox International by 6.1% during the 1st quarter. Geode Capital Management LLC now owns 451,939 shares of the construction company’s stock valued at $140,639,000 after purchasing an additional 25,996 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Lennox International by 33.7% during the 1st quarter. Schroder Investment Management Group now owns 365,766 shares of the construction company’s stock valued at $113,969,000 after purchasing an additional 92,169 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Lennox International by 20.2% during the 1st quarter. Ameriprise Financial Inc. now owns 193,782 shares of the construction company’s stock valued at $60,384,000 after purchasing an additional 32,587 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Lennox International by 5.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 156,435 shares of the construction company’s stock valued at $48,744,000 after purchasing an additional 7,767 shares in the last quarter. Finally, Karpus Management Inc. purchased a new position in shares of Lennox International during the 1st quarter valued at approximately $25,994,000. Institutional investors and hedge funds own 66.42% of the company’s stock.
Lennox International Company Profile
Lennox International Inc, through 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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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