William Blair Has Positive Outlook of LII FY2024 Earnings

Lennox International Inc. (NYSE:LII) – Investment analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Lennox International in a research note issued on Wednesday, October 23rd. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $21.21 per share for the year, up from their prior forecast of $20.60. The consensus estimate for Lennox International’s current full-year earnings is $20.38 per share. William Blair also issued estimates for Lennox International’s FY2025 earnings at $23.75 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. The Goldman Sachs Group lifted their price objective on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho boosted their target price on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays increased their price target on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus target price of $583.92.

Lennox International Trading Down 1.8 %

LII opened at $609.18 on Monday. The firm has a 50 day simple moving average of $592.28 and a 200 day simple moving average of $544.60. Lennox International has a fifty-two week low of $348.79 and a fifty-two week high of $627.46. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $5.37 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis.

Institutional Trading of Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of LII. Massmutual Trust Co. FSB ADV grew its stake 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 in the last quarter. L & S Advisors Inc boosted its holdings in shares of Lennox International by 0.8% in the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after buying an additional 40 shares during the last quarter. Argent Trust Co grew its stake in shares of Lennox International by 6.6% in the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after buying an additional 41 shares in the last quarter. Innealta Capital LLC acquired a new position in Lennox International during the second quarter worth $33,000. Finally, Toronto Dominion Bank raised its position in Lennox International by 2.2% during the second quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Activity

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Sherry Buck sold 500 shares of the firm’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 completion of the transaction, the director now owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares in the company, valued at $9,438,608. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,308 shares of company stock worth $6,563,103 over the last quarter. 10.40% of the stock is currently owned by company insiders.

Lennox International Dividend Announcement

The business also recently declared 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 was Monday, September 30th. Lennox International’s payout ratio is currently 25.51%.

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.