KeyCorp Weighs in on Lennox International Inc.’s Q4 2024 Earnings (NYSE:LII)

Lennox International Inc. (NYSE:LII) – KeyCorp cut their Q4 2024 earnings per share estimates for Lennox International in a research note issued to investors on Monday, October 14th. KeyCorp analyst J. Hammond now anticipates that the construction company will post earnings per share of $4.15 for the quarter, down from their prior forecast of $4.24. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Lennox International’s current full-year earnings is $20.34 per share.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $6.15 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis.

Several other equities research analysts have also commented on LII. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. TD Cowen lifted their price target on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Royal Bank of Canada upped their price objective on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird increased their price target on shares of Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $560.83.

Lennox International Stock Performance

Shares of LII stock opened at $600.49 on Thursday. The business has a fifty day moving average of $587.10 and a 200 day moving average of $537.86. Lennox International has a 1 year low of $334.53 and a 1 year high of $627.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LII. Forsta AP Fonden grew its stake in shares of Lennox International by 165.0% during the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after purchasing an additional 13,200 shares during the period. Swedbank AB purchased a new position in Lennox International in the first quarter valued at about $15,416,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after acquiring an additional 6,041 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Lennox International during the 1st quarter worth approximately $728,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Lennox International in the 2nd quarter worth approximately $491,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,052 shares of company stock valued at $7,563,793 over the last quarter. 10.40% of the stock is owned by insiders.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.77%. Lennox International’s payout ratio is currently 26.65%.

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.