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

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, March 21st, RTT News reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 1.15 per share by the construction company on Thursday, May 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.81%.

Lennox International has raised its dividend by an average of 8.8% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Lennox International has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lennox International to earn $25.70 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 17.9%.

Lennox International Price Performance

LII opened at $570.07 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International has a 1 year low of $445.63 and a 1 year high of $682.50. The stock has a fifty day moving average price of $609.66 and a 200 day moving average price of $614.98. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.36 and a beta of 1.13.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Analysts forecast that Lennox International will post 22.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on LII. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada increased their price objective on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Stephens reiterated an “overweight” rating and set a $750.00 price target on shares of Lennox International in a report on Friday, March 7th. Morgan Stanley initiated coverage on shares of Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price objective for the company. Finally, Barclays upgraded shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $614.62.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.40% of the stock is owned by insiders.

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.