Lennox International Inc. (NYSE: LII) increases its dividend to $1.06 per share


Lennox International Inc. (NYSE: LIIGet a rating) declared a quarterly dividend on Friday, May 20, the wall street journal reports. Shareholders of record on Thursday, June 30 will receive a dividend of 1.06 per share from the construction company on Friday, July 15. This represents an annualized dividend of $4.24 and a yield of 2.04%. The ex-dividend date is Wednesday, June 29. This is a boost from Lennox International’s previous quarterly dividend of $0.92.

Lennox International has increased its dividend by an average of 13.3% per year over the past three years and has increased its dividend annually for the past 13 consecutive years. Lennox International has a dividend payout ratio of 24.0%, which means that its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $15.38 per share next year, meaning the company should continue to be able to cover its annual dividend of $3.68 with a future payout ratio. forecast of 23.9%.

NYSE LII traded at $1.19 on Friday, reaching $207.75. 342,562 shares were traded, against an average volume of 345,505. Lennox International has a 52-week low of $199.66 and a 52-week high of $354.62. The company has a market capitalization of $7.46 billion, a price/earnings ratio of 16.55, a P/E/G ratio of 1.09 and a beta of 0.95. The company’s 50-day moving average price is $242.99 and its two-hundred-day moving average price is $277.39.

Lennox International (NYSE: LIIGet a rating) last released its quarterly earnings data on Monday, April 25. The construction company reported earnings per share (EPS) of $2.36 for the quarter, beating the consensus estimate of $2.03 by $0.33. The company posted revenue of $1.01 billion in the quarter, against analyst estimates of $977.60 million. Lennox International had a net margin of 10.84% ​​and a negative return on equity of 153.38%. Lennox International’s quarterly revenue increased 8.5% over the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $2.27. Equity analysts expect Lennox International to post an EPS of 14.11 for the current fiscal year.

In other news, COO Elliot S. Zimmer sold 1,035 shares of the company in a trade that took place on Tuesday, May 10. The shares were sold at an average price of $214.19, for a total value of $221,686.65. As a result of the transaction, the chief operating officer now owns 2,443 shares of the company, valued at approximately $523,266.17. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, VPE John D. Torres sold 2,013 shares of the company in a transaction that took place on Thursday, March 24. The stock was sold at an average price of $261.04, for a total transaction of $525,473.52. Disclosure of this sale can be found here. During the last quarter, insiders sold 14,346 shares of the company worth $3,783,260. 2.80% of the shares are held by insiders.

Several large investors have recently increased or reduced their stake in the company. California State Teachers Retirement System increased its stake in Lennox International shares by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 59,755 shares of the construction company valued at $19,382,000 after acquiring 282 additional shares in the last quarter. Comerica Bank increased its stake in Lennox International shares by 2.5% in the 4th quarter. Comerica Bank now owns 16,163 shares of the construction company valued at $4,587,000 after acquiring 397 additional shares last quarter. Metropolitan Life Insurance Co NY increased its equity stake in Lennox International by 8.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,010 shares of the construction company valued at $1,949,000 after acquiring 447 additional shares last quarter. Advisors Asset Management Inc. increased its stake in Lennox International shares by 23.9% in the 4th quarter. Advisors Asset Management Inc. now owns 4,371 shares of the construction company valued at $1,418,000 after acquiring 842 additional shares last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in Lennox International during the 4th quarter at a value of $291,000. Institutional investors hold 68.73% of the company’s shares.

Several equity research analysts have recently commented on the company. Morgan Stanley raised its price target on Lennox International from $253.00 to $254.00 and gave the company an “equal weight” rating in a Tuesday, April 26 research note. Mizuho reduced its target price on Lennox International from $295.00 to $225.00 and placed an “underperforming” rating on the stock in a Tuesday, April 26 research note. Barclays lowered its price target on Lennox International from $300.00 to $260.00 and set an “equal weight” rating on the stock in a Tuesday April 26 research note. TheStreet downgraded Lennox International from a “b-” rating to a “c+” rating in a Wednesday, February 16, report. To finish, StockNews.com purported coverage of Lennox International shares in a Thursday, March 31, research report. They have placed a “holding” rating on the stock. Three investment analysts gave the stock a sell rating, seven gave the company a hold rating and one gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $281.10.

Lennox International Company Profile (Get a rating)

Lennox International Inc, together with its subsidiaries, designs, manufactures and markets a line 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 and cooling, commercial heating and cooling, and refrigeration.

Recommended Stories

Dividend history for Lennox International (NYSE:LII)



Get news and reviews for Lennox International Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Lennox International and related companies with MarketBeat.com’s FREE daily newsletter.

Comments are closed.