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

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 1.15 per share by the construction company on Tuesday, October 15th. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, September 30th.

Lennox International has raised its dividend by an average of 12.3% annually over the last three years and has raised its dividend every year for the last 15 years. Lennox International has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $22.96 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 20.0%.

Lennox International Trading Down 1.8 %

Shares of LII stock opened at $604.87 on Friday. The stock has a 50-day moving average of $576.06 and a 200-day moving average of $527.31. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.97 and a beta of 1.07. Lennox International has a 1-year low of $334.53 and a 1-year high of $627.09.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $6.15 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Lennox International will post 20.32 earnings per share for the current year.

Insider Buying and Selling at Lennox International

In other news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at $12,447,808. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,052 shares of company stock valued at $7,563,793. Corporate insiders own 10.40% of the company’s stock.

Analysts Set New Price Targets

LII has been the topic of a number of recent analyst reports. Stephens reissued an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price target on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Barclays lifted their price objective on shares of Lennox International from $517.00 to $550.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group increased their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $555.00.

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.