FY2024 EPS Estimates for Lennox International Inc. Increased by William Blair (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Equities research analysts at William Blair lifted their FY2024 EPS estimates for shares of Lennox International in a research note issued on Thursday, April 11th. William Blair analyst R. Merkel now anticipates that the construction company will earn $20.29 per share for the year, up from their previous forecast of $20.24. The consensus estimate for Lennox International’s current full-year earnings is $19.75 per share.

A number of other equities research analysts also recently commented on the stock. Mizuho increased their price objective on shares of Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, April 1st. KeyCorp increased their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Wells Fargo & Company increased their target price on shares of Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their target price on shares of Lennox International from $392.00 to $414.00 and gave the company a “sector perform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut shares of Lennox International from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $370.00 to $330.00 in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $473.67.

Lennox International Trading Down 0.2 %

Shares of NYSE:LII opened at $460.85 on Monday. Lennox International has a 52 week low of $248.05 and a 52 week high of $501.72. The company’s 50 day moving average is $469.23 and its two-hundred day moving average is $431.13. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The company has a market cap of $16.42 billion, a PE ratio of 27.86, a P/E/G ratio of 2.31 and a beta of 1.02.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.95%. Lennox International’s payout ratio is 26.60%.

Insider Activity at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Lennox International by 3.0% during the first quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock valued at $123,003,000 after purchasing an additional 14,062 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lennox International by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after buying an additional 10,227 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lennox International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after buying an additional 1,653 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Lennox International by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 51,456 shares of the construction company’s stock worth $19,267,000 after purchasing an additional 701 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

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.