FY2024 EPS Estimates for Lennox International Inc. Increased by William Blair (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Equities researchers at William Blair lifted their FY2024 earnings per share (EPS) estimates for shares of Lennox International in a research report issued to clients and investors on Thursday, April 11th. William Blair analyst R. Merkel now expects that the construction company will earn $20.29 per share for the year, up from their prior forecast of $20.24. The consensus estimate for Lennox International’s current full-year earnings is $19.75 per share.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion.

Several other analysts also recently weighed in on the company. TD Cowen upped their price target on Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. downgraded Lennox International from a “neutral” rating to an “underweight” rating and cut their target price for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. Barclays increased their target price on Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their target price on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho increased their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $473.67.

Lennox International Stock Down 0.2 %

Shares of NYSE:LII opened at $460.85 on Monday. Lennox International has a 52-week low of $248.05 and a 52-week high of $501.72. The firm has a market capitalization of $16.42 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.31 and a beta of 1.02. The stock has a 50 day moving average price of $469.23 and a 200-day moving average price of $431.13. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Lennox International by 3.0% during the first quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock valued at $123,003,000 after buying an additional 14,062 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lennox International by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock valued at $89,973,000 after buying an additional 10,227 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Lennox International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after purchasing an additional 1,653 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Lennox International by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 51,456 shares of the construction company’s stock worth $19,267,000 after purchasing an additional 701 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Insider Activity

In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 0.95%. Lennox International’s payout ratio is 26.60%.

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.