William Blair Research Analysts Increase Earnings Estimates for Lennox International Inc. (NYSE:LII)

Lennox International Inc. (NYSE:LII) – William Blair upped their Q1 2024 EPS estimates for Lennox International in a research report issued on Thursday, April 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $3.41 per share for the quarter, up from their prior estimate of $3.36. The consensus estimate for Lennox International’s current full-year earnings is $19.75 per share. William Blair also issued estimates for Lennox International’s FY2025 earnings at $23.76 EPS.

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

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Lennox International from $392.00 to $414.00 and gave the company a “sector perform” rating in a report on Thursday, February 1st. KeyCorp upped their price target on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upped their price target on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. TD Cowen upped their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Company upped their price target on shares of Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $473.67.

Lennox International Stock Up 1.3 %

Shares of NYSE LII opened at $471.16 on Friday. The stock has a market cap of $16.78 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.28 and a beta of 1.02. The firm has a 50 day moving average price of $467.74 and a 200 day moving average price of $429.55. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41. Lennox International has a 52-week low of $243.67 and a 52-week high of $501.72.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 26.60%.

Insider Transactions at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction on Monday, March 18th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction on Monday, March 18th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction 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 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. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tobam raised its position in Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Rise Advisors LLC bought a new stake in Lennox International during the first quarter worth $41,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Lennox International during the fourth quarter worth $42,000. GAMMA Investing LLC bought a new stake in Lennox International during the fourth quarter worth $80,000. Finally, UniSuper Management Pty Ltd bought a new position in shares of Lennox International in the second quarter valued at about $98,000. 67.07% of the stock is owned by 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.