Lennox International Inc. (LII) to Issue Quarterly Dividend of $1.15 on May 15th

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, March 21st, RTT News reports. Investors of record on Wednesday, April 30th will be given a dividend of 1.15 per share by the construction company on Thursday, May 15th. This represents a $4.60 annualized dividend and a dividend yield of 0.81%.

Lennox International has increased its dividend payment by an average of 8.8% 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 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $25.70 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 17.9%.

Lennox International Price Performance

LII stock opened at $570.07 on Friday. The stock’s 50 day moving average is $609.66 and its two-hundred day moving average is $614.98. Lennox International has a 52-week low of $445.63 and a 52-week high of $682.50. The company has a market capitalization of $20.28 billion, a PE ratio of 25.29, a P/E/G ratio of 2.36 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Analysts predict that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $675.00 to $625.00 in a report on Thursday, January 30th. Finally, Morgan Stanley initiated coverage on shares of Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $614.62.

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.