Lennox International, Inc. (NYSE:LII – Get Free Report) dropped 4.2% during mid-day trading on Thursday . The stock traded as low as $508.65 and last traded at $507.0790. Approximately 5,764 shares traded hands during trading, a decline of 99% from the average daily volume of 468,276 shares. The stock had previously closed at $529.04.
Wall Street Analysts Forecast Growth
LII has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Lennox International from $485.00 to $579.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BNP Paribas Exane initiated coverage on shares of Lennox International in a research report on Tuesday, April 14th. They set a “neutral” rating and a $535.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Lennox International in a research report on Thursday, March 5th. Finally, Wells Fargo & Company upped their price objective on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $575.46.
View Our Latest Research Report on Lennox International
Lennox International Trading Down 0.2%
Lennox International (NYSE:LII – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.19. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.63 earnings per share. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. On average, sell-side analysts forecast that Lennox International, Inc. will post 24.35 EPS 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. Shareholders of record on Tuesday, June 30th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 1.1%. This is a boost from Lennox International’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, June 30th. Lennox International’s dividend payout ratio is currently 24.48%.
Insider Activity at Lennox International
In other news, CAO Chris Kosel sold 971 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $544.80, for a total transaction of $529,000.80. Following the sale, the chief accounting officer owned 1,090 shares in the company, valued at $593,832. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Lennox International
A number of institutional investors have recently made changes to their positions in LII. Root Financial Partners LLC grew its holdings in shares of Lennox International by 137.9% during the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Huntington National Bank grew its holdings in shares of Lennox International by 51.8% during the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock valued at $41,000 after buying an additional 29 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Lennox International during the second quarter valued at approximately $54,000. Bessemer Group Inc. grew its holdings in shares of Lennox International by 52.8% during the third quarter. Bessemer Group Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after buying an additional 38 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Lennox International during the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.
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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