Lennox International Inc. (NYSE:LII) Declares $1.15 Quarterly Dividend

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, March 21st, RTT News reports. Investors of record on Wednesday, April 30th will be paid a dividend of 1.15 per share by the construction company on Thursday, May 15th. This represents a $4.60 annualized dividend and a yield of 0.81%.

Lennox International has raised its dividend payment by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 15 years. Lennox International has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $25.70 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 17.9%.

Lennox International Stock Down 1.5 %

LII stock opened at $570.07 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $20.28 billion, a P/E ratio of 25.29, a PEG ratio of 2.36 and a beta of 1.13. Lennox International has a one year low of $445.63 and a one year high of $682.50. The company has a 50 day moving average price of $609.66 and a two-hundred day moving average price of $614.61.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. As a group, sell-side analysts expect that Lennox International will post 22.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. UBS Group lifted their target price on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Northcoast Research assumed coverage on Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective on the stock. Finally, Barclays upgraded Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $665.00 to $702.00 in a research note on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lennox International presently has a consensus rating of “Hold” and a consensus target price of $614.62.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 194 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.40% of the stock is owned by corporate insiders.

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.