William Blair Equities Analysts Reduce Earnings Estimates for Lennox International Inc. (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Stock analysts at William Blair cut their Q2 2024 EPS estimates for shares of Lennox International in a research note issued to investors on Wednesday, April 24th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $6.50 for the quarter, down from their prior forecast of $6.51. The consensus estimate for Lennox International’s current full-year earnings is $19.66 per share. William Blair also issued estimates for Lennox International’s Q3 2024 earnings at $6.02 EPS and Q4 2024 earnings at $4.26 EPS.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a research note on Thursday. Royal Bank of Canada increased their target price on Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday. KeyCorp boosted their price target on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. UBS Group lifted their price objective on shares of Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays upped their target price on shares of Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $482.31.

Lennox International Stock Performance

NYSE:LII opened at $475.64 on Friday. The stock has a 50-day simple moving average of $471.81 and a two-hundred day simple moving average of $434.88. The firm has a market capitalization of $16.94 billion, a PE ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 52-week low of $256.74 and a 52-week high of $501.72.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s dividend payout ratio is currently 25.49%.

Insider Transactions at Lennox International

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

Institutional Investors Weigh In On Lennox International

Large investors have recently added to or reduced their stakes in the stock. Tobam raised its stake in shares of Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares in the last quarter. Rise Advisors LLC purchased a new stake in Lennox International in the first quarter worth about $41,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Lennox International in the fourth quarter worth about $42,000. GAMMA Investing LLC bought a new position in Lennox International during the 4th quarter worth about $80,000. Finally, V Square Quantitative Management LLC increased its position in Lennox International by 66.0% during the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock valued at $158,000 after purchasing an additional 140 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

About Lennox International

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.