William Blair Has Positive Estimate for LII FY2024 Earnings

Lennox International Inc. (NYSE:LII) – Stock analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for Lennox International in a research note issued to investors on Wednesday, January 15th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $21.42 for the year, up from their prior 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.

Lennox International (NYSE:LII) last posted 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 return on equity of 148.52% and a net margin of 14.63%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business earned $5.37 earnings per share. Lennox International’s revenue for the quarter was up 9.6% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Mizuho lifted their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley assumed coverage on Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $590.50.

Lennox International Trading Up 0.8 %

Shares of LII opened at $647.92 on Friday. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50. The business has a 50-day moving average of $636.68 and a 200 day moving average of $600.75. The firm has a market cap of $23.08 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after buying an additional 12,183 shares during the last quarter. New York State Common Retirement Fund raised its stake in Lennox International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after buying an additional 2,013 shares in the last quarter. National Pension Service boosted its position in Lennox International by 2.3% during the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after acquiring an additional 1,140 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Lennox International by 26.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after acquiring an additional 4,927 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Lennox International during the 2nd quarter worth approximately $11,115,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total transaction of $337,760.00. Following the transaction, the director now directly owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the transaction, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. This represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 over the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.71%. Lennox International’s payout ratio is 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.