Lennox International Inc. to Issue Quarterly Dividend of $1.15 (NYSE:LII)

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

Lennox International has raised its dividend payment by an average of 12.3% per year 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 Stock Down 1.8 %

Shares of LII traded down $10.92 on Friday, reaching $604.87. The stock had a trading volume of 233,854 shares, compared to its average volume of 274,877. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The company has a 50-day simple moving average of $576.06 and a 200-day simple moving average of $526.91. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.09.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.15 EPS. Sell-side analysts predict that Lennox International will post 20.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Robert W. Baird lifted their price objective on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their price objective on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company cut Lennox International from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $550.00 to $570.00 in a research note on Wednesday, July 10th. Finally, Stephens reiterated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $555.00.

Insider Buying and Selling

In related news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock valued at $7,563,793 over the last 90 days. Company insiders own 10.40% 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.