Q3 2024 EPS Estimates for Lennox International Inc. (NYSE:LII) Boosted by Analyst

Lennox International Inc. (NYSE:LII) – KeyCorp raised their Q3 2024 earnings estimates for shares of Lennox International in a report issued on Monday, October 14th. KeyCorp analyst J. Hammond now anticipates that the construction company will earn $5.95 per share for the quarter, up from their prior forecast of $5.80. 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. KeyCorp also issued estimates for Lennox International’s FY2024 earnings at $20.40 EPS and FY2025 earnings at $22.85 EPS.

A number of other analysts also recently issued reports on LII. Wells Fargo & Company lifted their price objective 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. Robert W. Baird raised their target price on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group boosted their target price on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Stephens reissued an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $560.83.

Lennox International Stock Performance

Shares of LII stock opened at $600.49 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The company has a market capitalization of $21.39 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company’s 50 day moving average price is $587.10 and its two-hundred day moving average price is $537.86. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.09.

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

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Insider Transactions at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction 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 sale, the executive vice president now directly owns 16,162 shares in the company, valued at $9,438,608. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares in the company, valued at $1,279,549.71. This 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 worth $7,563,793 in the last ninety days. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Lennox International by 167.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock worth $150,000 after buying an additional 156 shares in the last quarter. UMB Bank n.a. lifted its position in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC lifted its position in Lennox International by 27.8% in the third quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock valued at $197,000 after purchasing an additional 71 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Lennox International by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock valued at $3,626,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in Lennox International in the second quarter valued at approximately $300,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.