Lennox International Inc. Forecasted to Earn Q2 2024 Earnings of $6.50 Per Share (NYSE:LII)

Lennox International Inc. (NYSE:LII - Free Report) - Stock analysts at William Blair lowered their Q2 2024 earnings per share (EPS) estimates for Lennox International in a research note issued to investors on Wednesday, April 24th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $6.50 for the quarter, down from their previous estimate of $6.51. The consensus estimate for Lennox International's current full-year earnings is $19.66 per share. William Blair also issued estimates for Lennox International's Q3 2024 earnings at $6.02 EPS and Q4 2024 earnings at $4.26 EPS.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion.

A number of other equities analysts also recently commented on the stock. TD Cowen boosted their target price on shares of Lennox International from $450.00 to $505.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Barclays increased their price objective on Lennox International from $450.00 to $500.00 and gave the company an "equal weight" rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their target price on Lennox International from $350.00 to $360.00 and gave the stock an "underweight" rating in a research note on Thursday. KeyCorp increased their price target on shares of Lennox International from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price objective on shares of Lennox International from $545.00 to $520.00 and set an "overweight" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Lennox International presently has a consensus rating of "Moderate Buy" and an average target price of $482.31.

Lennox International Stock Up 0.3 %

NYSE LII traded up $1.60 on Friday, hitting $477.10. 272,027 shares of the stock were exchanged, compared to its average volume of 273,434. Lennox International has a fifty-two week low of $264.88 and a fifty-two week high of $501.72. The company has a 50-day moving average price of $472.39 and a 200-day moving average price of $435.55. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The company has a market cap of $16.99 billion, a PE ratio of 27.64, a PEG ratio of 2.31 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company's stock valued at $35,745,000 after acquiring an additional 6,041 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company's stock valued at $19,711,000 after purchasing an additional 11,077 shares during the period. New York State Teachers Retirement System boosted its holdings in Lennox International by 2.7% during the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company's stock worth $17,943,000 after buying an additional 950 shares in the last quarter. Forsta AP Fonden boosted its holdings in Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company's stock worth $8,500,000 after buying an additional 2,400 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Lennox International during the third quarter worth about $8,067,000. Institutional investors and hedge funds own 67.07% of the company's stock.

Insider Buying and Selling at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares of the company's stock, valued at $11,566,818.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company's stock, valued at $9,692,019.35. The disclosure for this sale can be found here. Company insiders own 10.40% of the company's stock.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International's dividend payout ratio is presently 25.49%.

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.