Lennox International (NYSE:LII) released its earnings results on Monday. The construction company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.29, MarketWatch Earnings reports. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. The business had revenue of $790.30 million for the quarter, compared to the consensus estimate of $748.63 million. During the same period in the previous year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Lennox International updated its FY 2019 guidance to $12.00-12.60 EPS and its FY19 guidance to $12.00-12.60 EPS.
NYSE:LII traded down $4.39 during trading hours on Tuesday, hitting $263.24. 170,413 shares of the company traded hands, compared to its average volume of 360,873. The stock has a market cap of $10.71 billion, a P/E ratio of 27.94, a PEG ratio of 1.10 and a beta of 0.99. Lennox International has a twelve month low of $177.36 and a twelve month high of $277.05.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, March 29th. Lennox International’s dividend payout ratio is 27.18%.
In other news, EVP Daniel M. Sessa sold 3,515 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $258.50, for a total value of $908,627.50. Following the sale, the executive vice president now owns 44,912 shares of the company’s stock, valued at approximately $11,609,752. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Chris Kosel sold 416 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $252.00, for a total transaction of $104,832.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,468 shares of company stock worth $12,069,435. 3.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of LII. Lindbrook Capital LLC bought a new stake in Lennox International during the 4th quarter worth about $25,000. Huntington National Bank lifted its position in Lennox International by 196.6% during the 1st quarter. Huntington National Bank now owns 439 shares of the construction company’s stock valued at $116,000 after purchasing an additional 291 shares during the period. Gofen & Glossberg LLC IL acquired a new position in Lennox International during the 1st quarter valued at about $219,000. Advisor Partners LLC lifted its position in Lennox International by 6.6% during the 4th quarter. Advisor Partners LLC now owns 1,046 shares of the construction company’s stock valued at $229,000 after purchasing an additional 65 shares during the period. Finally, Cohen Lawrence B acquired a new position in Lennox International during the 1st quarter valued at about $235,000. 69.48% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on LII. Vertical Research downgraded shares of Lennox International from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Co reissued a “market perform” rating and issued a $250.00 target price (up from $242.00) on shares of Lennox International in a research report on Tuesday. Buckingham Research lifted their target price on shares of Lennox International from $236.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Robert W. Baird downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $246.00 to $272.00 in a research report on Tuesday, April 16th. Finally, Cowen downgraded shares of Lennox International from an “outperform” rating to a “market perform” rating and set a $276.36 target price on the stock. in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $246.36.
Lennox International Company Profile
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, 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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