Lennox International Inc. (NYSE:LII – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,140,000 shares, a drop of 6.6% from the June 30th total of 1,220,000 shares. Based on an average trading volume of 310,900 shares, the short-interest ratio is presently 3.7 days. Currently, 3.6% of the company’s shares are short sold.
Analysts Set New Price Targets
LII has been the topic of a number of research reports. Mizuho raised their target price on shares of Lennox International from $260.00 to $340.00 in a research report on Friday. Morgan Stanley reduced their target price on shares of Lennox International from $279.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 5th. TD Cowen raised their target price on shares of Lennox International from $350.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com initiated coverage on shares of Lennox International in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Robert W. Baird raised their target price on shares of Lennox International from $375.00 to $400.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $309.92.
Lennox International Price Performance
Shares of LII opened at $367.51 on Tuesday. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 3.29 and a beta of 0.96. Lennox International has a twelve month low of $202.97 and a twelve month high of $370.28. The company has a quick ratio of 0.56, a current ratio of 1.05 and a debt-to-equity ratio of 13.06. The company has a 50 day moving average of $313.98 and a two-hundred day moving average of $278.03.
Lennox International (NYSE:LII – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.21 by $0.94. Lennox International had a net margin of 11.49% and a negative return on equity of 390.97%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $5.00 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Lennox International will post 15.79 earnings per share for the current fiscal year.
Lennox International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.20%. Lennox International’s dividend payout ratio is presently 28.41%.
Insider Activity at Lennox International
In related news, CAO Chris Kosel sold 300 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $282.99, for a total value of $84,897.00. Following the sale, the chief accounting officer now directly owns 2,146 shares of the company’s stock, valued at approximately $607,296.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Daniel M. Sessa sold 2,419 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $288.09, for a total value of $696,889.71. Following the sale, the executive vice president now directly owns 44,256 shares of the company’s stock, valued at approximately $12,749,711.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Kosel sold 300 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $282.99, for a total transaction of $84,897.00. Following the completion of the sale, the chief accounting officer now directly owns 2,146 shares in the company, valued at $607,296.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,527 shares of company stock valued at $1,574,120. Insiders own 2.83% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its position in Lennox International by 43.6% during the second quarter. Private Trust Co. NA now owns 145 shares of the construction company’s stock valued at $47,000 after purchasing an additional 44 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Lennox International by 37.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 12,951 shares of the construction company’s stock valued at $4,223,000 after purchasing an additional 3,531 shares during the period. V Square Quantitative Management LLC acquired a new position in Lennox International during the second quarter valued at $63,000. Achmea Investment Management B.V. increased its holdings in Lennox International by 18.4% in the second quarter. Achmea Investment Management B.V. now owns 79,283 shares of the construction company’s stock valued at $25,852,000 after buying an additional 12,341 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Lennox International by 13.8% in the second quarter. New Mexico Educational Retirement Board now owns 6,600 shares of the construction company’s stock valued at $2,152,000 after buying an additional 800 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors and hedge funds.
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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.