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

Lennox International Inc. (NYSE:LII) – Stock analysts at William Blair raised their FY2024 earnings per share estimates for Lennox International in a report released on Wednesday, July 10th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $20.59 for the year, up from their previous forecast of $20.30. The consensus estimate for Lennox International’s current full-year earnings is $19.96 per share. William Blair also issued estimates for Lennox International’s Q4 2024 earnings at $4.34 EPS.

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

Other equities research analysts have also recently issued research reports about the company. KeyCorp increased their price target on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Wells Fargo & Company cut shares of Lennox International from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday. Mizuho upped their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, The Goldman Sachs Group increased their price target on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $504.00.

Lennox International Stock Down 0.1 %

Shares of NYSE LII opened at $557.19 on Friday. The company has a 50 day simple moving average of $515.85 and a 200 day simple moving average of $478.19. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. Lennox International has a 1 year low of $328.94 and a 1 year high of $572.21. The firm has a market cap of $19.85 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07.

Institutional Trading of Lennox International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV increased its position in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in Lennox International by 1.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock worth $1,945,000 after purchasing an additional 41 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lennox International by 38.6% in the second quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock worth $136,000 after purchasing an additional 71 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Lennox International by 14.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock valued at $289,000 after purchasing an additional 79 shares in the last quarter. Finally, Tobam boosted its position 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 buying an additional 82 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.15 per share. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. Lennox International’s payout ratio is currently 26.65%.

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.