Lennox International Inc. (NYSE:LII) Declares Quarterly Dividend of $1.30

Lennox International Inc. (NYSE:LII - Get Free Report) declared a quarterly dividend on Thursday, May 22nd, RTT News reports. Investors of record on Friday, May 30th will be given a dividend of 1.30 per share by the construction company on Tuesday, July 15th. This represents a $5.20 annualized dividend and a yield of 0.91%. This is a 13.0% increase from Lennox International's previous quarterly dividend of $1.15.

Lennox International has increased its dividend by an average of 8.8% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Lennox International has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.8%

LII opened at $574.30 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.36 and a beta of 1.18. Lennox International has a one year low of $483.42 and a one year high of $682.50. The business's fifty day moving average is $562.04 and its two-hundred day moving average is $602.86.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.12. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $3.47 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts anticipate that Lennox International will post 22.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LII shares. JPMorgan Chase & Co. boosted their price target on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a report on Friday, May 16th. Morgan Stanley reduced their target price on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Mizuho cut shares of Lennox International from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Lennox International from $550.00 to $500.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Finally, Stephens reissued an "overweight" rating and set a $750.00 price objective on shares of Lennox International in a research note on Friday, March 7th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $583.71.

Insider Activity

In other news, CAO Chris Kosel sold 509 shares of Lennox International stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total transaction of $289,137.45. Following the sale, the chief accounting officer now owns 1,582 shares in the company, valued at $898,655.10. This trade represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.73% 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.

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