Lennox International Inc. to Issue Quarterly Dividend of $1.15 (NYSE:LII)

Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, March 21st, RTT News reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 1.15 per share by the construction company on Thursday, May 15th. This represents a $4.60 annualized dividend and a dividend yield of 0.81%.

Lennox International has increased its dividend by an average of 8.8% annually over the last three years and has increased its dividend every year for the last 15 years. Lennox International has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lennox International to earn $25.70 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 17.9%.

Lennox International Trading Down 2.3 %

NYSE LII opened at $565.55 on Friday. The firm has a 50 day simple moving average of $610.48 and a 200-day simple moving average of $614.75. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. Lennox International has a one year low of $445.63 and a one year high of $682.50. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.36 and a beta of 1.13.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Equities research analysts anticipate that Lennox International will post 22.94 EPS for the current fiscal year.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 194 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LII shares. UBS Group lifted their price target on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada lifted their price target on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Northcoast Research started coverage on shares of Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target for the company. Barclays upgraded shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $665.00 to $702.00 in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $614.62.

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.