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

Lennox International Inc. (NYSE:LII) – Investment analysts at William Blair increased their Q1 2024 earnings estimates for shares of 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 forecast 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 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion.

Several other equities research analysts also recently weighed in on LII. KeyCorp boosted their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Lennox International from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $370.00 to $330.00 in a research report on Thursday, February 1st. Royal Bank of Canada boosted their target price on shares of Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lennox International in a research report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennox International currently has an average rating of “Moderate Buy” and a consensus target price of $473.67.

Lennox International Price Performance

LII opened at $471.16 on Friday. The company has a 50-day moving average of $467.74 and a 200-day moving average of $429.55. The company has a market capitalization of $16.78 billion, a P/E ratio of 28.49, a PEG ratio of 2.28 and a beta of 1.02. Lennox International has a 1-year low of $243.67 and a 1-year high of $501.72. 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 Dividend Announcement

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

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Lennox International

A number of institutional investors have recently made changes to their positions in the stock. Desjardins Global Asset Management Inc. lifted its stake in shares of Lennox International by 1.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock worth $1,945,000 after acquiring an additional 41 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Lennox International by 14.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock worth $289,000 after acquiring an additional 79 shares during the period. Tobam lifted its stake in shares of Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares during the period. Rise Advisors LLC acquired a new stake in Lennox International during the first quarter valued at approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Lennox International during the fourth quarter valued at approximately $42,000. 67.07% of the stock is owned by institutional investors and hedge funds.

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.