Lennox International, Inc. (NYSE:LII – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $502.77 and traded as high as $510.04. Lennox International shares last traded at $502.3490, with a volume of 609,438 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. BNP Paribas Exane assumed coverage on Lennox International in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 price target for the company. Barclays decreased their price target on Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded Lennox International from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley decreased their price target on Lennox International from $475.00 to $450.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Finally, Weiss Ratings downgraded Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $575.46.
Check Out Our Latest Research Report on Lennox International
Lennox International Stock Performance
Lennox International (NYSE:LII – Get Free Report) last issued its earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.19. Lennox International had a return on equity of 73.27% and a net margin of 14.89%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. Lennox International’s quarterly revenue was up 5.8% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. As a group, analysts anticipate that Lennox International, Inc. will post 24.35 earnings per share for the current fiscal year.
Lennox International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.36 per share. This is a boost from Lennox International’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Lennox International’s payout ratio is presently 23.40%.
Insider Activity
In other news, CAO Chris Kosel sold 971 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total transaction of $529,000.80. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at approximately $593,832. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.80% of the company’s stock.
Hedge Funds Weigh In On Lennox International
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nicholas Company Inc. boosted its position in shares of Lennox International by 0.4% during the fourth quarter. Nicholas Company Inc. now owns 6,600 shares of the construction company’s stock worth $3,205,000 after buying an additional 25 shares during the period. Huntington National Bank raised its holdings in Lennox International by 51.8% during the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock worth $41,000 after purchasing an additional 29 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Lennox International by 4.0% during the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock worth $421,000 after purchasing an additional 35 shares in the last quarter. Bessemer Group Inc. raised its holdings in Lennox International by 52.8% during the third quarter. Bessemer Group Inc. now owns 110 shares of the construction company’s stock worth $59,000 after purchasing an additional 38 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Lennox International by 10.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 418 shares of the construction company’s stock worth $203,000 after purchasing an additional 39 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.
Lennox International Company Profile
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
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