William Blair Has Optimistic Outlook of LII FY2024 Earnings

Lennox International Inc. (NYSE:LII) – Equities researchers at William Blair upped their FY2024 earnings per share (EPS) estimates for Lennox International in a note issued to investors on Wednesday, January 15th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $21.42 per share for the year, up from their previous estimate of $21.21. The consensus estimate for Lennox International’s current full-year earnings is $21.12 per share. William Blair also issued estimates for Lennox International’s Q1 2025 earnings at $3.79 EPS, Q4 2025 earnings at $5.11 EPS and FY2026 earnings at $26.10 EPS.

A number of other equities research analysts have also recently commented on LII. Robert W. Baird raised their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Barclays raised their price objective on shares of Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Morgan Stanley started coverage on Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 target price on the stock. Finally, KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Lennox International presently has an average rating of “Hold” and an average price target of $590.50.

Lennox International Stock Up 0.8 %

Lennox International stock opened at $647.92 on Friday. Lennox International has a twelve month low of $412.09 and a twelve month high of $682.50. The firm has a market cap of $23.08 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.69 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $636.68 and a two-hundred day moving average of $600.75.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $5.37 earnings per share. Lennox International’s quarterly revenue was up 9.6% compared to the same quarter last year.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in Lennox International by 360.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 341 shares of the construction company’s stock worth $208,000 after buying an additional 267 shares during the period. Tilia Fiduciary Partners Inc. lifted its holdings in shares of Lennox International by 0.7% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company’s stock valued at $2,820,000 after purchasing an additional 30 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Lennox International by 3.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock valued at $415,000 after purchasing an additional 20 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Lennox International by 26.3% in the fourth quarter. Pensionfund Sabic now owns 2,400 shares of the construction company’s stock worth $1,462,000 after buying an additional 500 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in shares of Lennox International during the fourth quarter valued at $567,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Activity

In related news, EVP John D. Torres sold 581 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the transaction, the executive vice president now owns 4,668 shares of the company’s stock, valued at $2,898,734.64. This trade represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the transaction, the director now directly owns 1,693 shares in the company, valued at $1,118,632.82. This represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,106 shares of company stock valued at $1,353,233. Company insiders own 10.40% of the company’s stock.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

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.