Lennox International Inc. to Issue Quarterly Dividend of $1.15 (NYSE:LII)

Lennox International Inc. (NYSE:LII) announced a quarterly dividend on Friday, September 20th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 1.15 per share by the construction company on Tuesday, October 15th. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, September 30th.

Lennox International has raised its dividend payment by an average of 12.3% per year over the last three years and has increased its dividend every year for the last 15 years. Lennox International has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lennox International to earn $22.96 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 20.0%.

Lennox International Stock Down 1.8 %

Shares of LII opened at $604.87 on Friday. The firm has a market cap of $21.55 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.09. The firm’s 50-day simple moving average is $576.06 and its 200 day simple moving average is $527.31.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.15 earnings per share. On average, analysts forecast that Lennox International will post 20.32 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LII. TD Cowen boosted their target price on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. The Goldman Sachs Group boosted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stephens reaffirmed an “overweight” rating and set a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. KeyCorp boosted their price target on Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company downgraded Lennox International from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $555.00.

Insiders Place Their Bets

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total value of $3,138,416.00. Following the sale, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock worth $7,563,793 over the last three months. Insiders own 10.40% of the company’s stock.

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.