FY2024 EPS Estimates for Lennox International Inc. Lifted by Analyst (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Equities research analysts at William Blair lifted their FY2024 EPS estimates for Lennox International in a research report issued to clients and investors on Wednesday, July 24th. William Blair analyst R. Merkel now expects that the construction company will earn $20.64 per share for the year, up from their previous estimate of $20.59. The consensus estimate for Lennox International’s current full-year earnings is $19.88 per share.

Other research analysts have also recently issued reports about the stock. Mizuho increased their price target on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company cut shares of Lennox International from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. KeyCorp increased their price target on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group increased their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $541.08.

Lennox International Price Performance

Shares of LII opened at $545.73 on Friday. Lennox International has a fifty-two week low of $331.60 and a fifty-two week high of $583.42. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. The firm has a 50-day simple moving average of $528.56 and a 200-day simple moving average of $485.47. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.68 and a current ratio of 1.60.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $6.15 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.

Lennox International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $1.15 per share. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, June 28th. This represents a $4.60 annualized dividend and a yield of 0.84%. Lennox International’s payout ratio is 26.65%.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Denali Advisors LLC purchased a new stake in Lennox International during the 4th quarter worth $763,000. Rappaport Reiches Capital Management LLC bought a new stake in shares of Lennox International in the 4th quarter worth about $239,000. Nisa Investment Advisors LLC boosted its holdings in shares of Lennox International by 32.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,340 shares of the construction company’s stock valued at $3,285,000 after buying an additional 1,803 shares during the period. Tobam boosted its holdings in shares of Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after buying an additional 82 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lennox International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock valued at $30,026,000 after buying an additional 1,653 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

About Lennox International

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.