Lennox International, Inc. (NYSE:LII – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be given a dividend of 1.36 per share by the construction company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. This is a 4.6% increase from Lennox International’s previous quarterly dividend of $1.30.
Lennox International has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Lennox International has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lennox International to earn $26.58 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 19.6%.
Lennox International Price Performance
NYSE:LII opened at $480.38 on Friday. The business’s 50-day moving average price is $489.05 and its 200 day moving average price is $502.68. The firm has a market cap of $16.72 billion, a P/E ratio of 21.62, a PEG ratio of 1.89 and a beta of 1.22. Lennox International has a 52-week low of $434.06 and a 52-week high of $689.44. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.94.
Insiders Place Their Bets
In related news, Director Shane D. Wall sold 100 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $540.01, for a total value of $54,001.00. Following the completion of the transaction, the director owned 2,205 shares in the company, valued at $1,190,722.05. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 971 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $544.80, for a total value of $529,000.80. Following the completion of the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $593,832. This trade represents a 47.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 9.80% of the company’s stock.
Institutional Investors Weigh In On Lennox International
Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in Lennox International during the 3rd quarter worth about $28,000. Huntington National Bank boosted its position in Lennox International by 51.8% during the 4th quarter. Huntington National Bank now owns 85 shares of the construction company’s stock worth $41,000 after acquiring an additional 29 shares during the period. Covestor Ltd boosted its position in Lennox International by 217.2% during the 3rd quarter. Covestor Ltd now owns 92 shares of the construction company’s stock worth $48,000 after acquiring an additional 63 shares during the period. MUFG Securities EMEA plc acquired a new stake in Lennox International during the 2nd quarter worth about $54,000. Finally, Bessemer Group Inc. boosted its position in Lennox International by 52.8% during the 3rd quarter. Bessemer Group Inc. now owns 110 shares of the construction company’s stock worth $59,000 after acquiring an additional 38 shares during the period. 67.07% of the stock is currently owned by institutional investors and hedge funds.
About Lennox International
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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