KeyCorp Forecasts Weaker Earnings for Lennox International

Lennox International Inc. (NYSE:LII) – Equities research analysts at KeyCorp lowered their Q4 2024 earnings per share (EPS) estimates for Lennox International in a research note issued to investors on Monday, October 14th. KeyCorp analyst J. Hammond now anticipates that the construction company will post earnings of $4.15 per share for the quarter, down from their prior forecast of $4.24. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Lennox International’s current full-year earnings is $20.34 per share.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $6.15 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.

Several other research analysts also recently commented on LII. Royal Bank of Canada lifted their price target on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Mizuho boosted their price objective on Lennox International from $575.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Finally, Robert W. Baird boosted their price objective on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $570.00.

Lennox International Stock Performance

Shares of NYSE LII opened at $602.85 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $588.83 and its two-hundred day moving average is $539.13. The company has a market cap of $21.48 billion, a P/E ratio of 34.93, a P/E/G ratio of 1.89 and a beta of 1.07. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.09.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in Lennox International in the second quarter valued at about $33,000. Massmutual Trust Co. FSB ADV increased its holdings in Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Rise Advisors LLC bought a new stake in Lennox International in the first quarter valued at about $41,000. UMB Bank n.a. increased its holdings in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Lennox International in the second quarter valued at about $65,000. Institutional investors own 67.07% of the company’s stock.

Insiders Place Their Bets

In other Lennox International news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Prakash Bedapudi sold 3,434 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at $12,447,808. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the transaction, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is currently owned by corporate insiders.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio is currently 26.65%.

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.