Q4 EPS Estimates for Lennox International Cut by KeyCorp

Lennox International Inc. (NYSE:LII) – Equities research analysts at KeyCorp dropped their Q4 2024 EPS estimates for shares of Lennox International in a report issued on Monday, October 14th. KeyCorp analyst J. Hammond now forecasts that the construction company will post earnings of $4.15 per share 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 released its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $6.15 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on LII. Stephens reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Wells Fargo & Company upped their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada upped 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. Robert W. Baird upped their price objective 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. Finally, TD Cowen upped their price objective on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lennox International presently has a consensus rating of “Hold” and an average target price of $570.00.

Lennox International Price Performance

Shares of Lennox International stock opened at $603.55 on Thursday. Lennox International has a 52-week low of $334.53 and a 52-week high of $627.09. The stock has a market capitalization of $21.50 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a fifty day moving average of $588.03 and a 200-day moving average of $538.31. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LII. Rise Advisors LLC bought a new position in shares of Lennox International in the 1st quarter worth about $41,000. New England Research & Management Inc. bought a new position in shares of Lennox International in the 1st quarter worth about $489,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after acquiring an additional 6,041 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Lennox International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 8,202 shares of the construction company’s stock worth $4,009,000 after acquiring an additional 528 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Lennox International by 21.6% in the 1st quarter. BNP Paribas Financial Markets now owns 21,980 shares of the construction company’s stock worth $10,743,000 after acquiring an additional 3,905 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,052 shares of company stock worth $7,563,793. 10.40% of the stock is currently owned by corporate insiders.

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 issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is presently 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.