Lennox International Inc. (LII) to Issue Quarterly Dividend of $0.51 on January 16th
Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, December 8th, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.51 per share by the construction company on Tuesday, January 16th. This represents a $2.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 28th.
Lennox International has raised its dividend payment by an average of 32.4% per year over the last three years and has increased its dividend every year for the last 5 years. Lennox International has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $9.06 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 22.5%.
Lennox International (NYSE LII) traded up $1.95 during trading on Wednesday, hitting $207.60. 159,300 shares of the stock traded hands, compared to its average volume of 343,408. Lennox International has a 52 week low of $147.54 and a 52 week high of $213.78. The firm has a market capitalization of $8,590.79, a price-to-earnings ratio of 29.41, a P/E/G ratio of 1.31 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 23.87.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.09. Lennox International had a net margin of 9.88% and a return on equity of 1,972.31%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. sell-side analysts forecast that Lennox International will post 7.91 earnings per share for the current fiscal year.
Several research firms have recently issued reports on LII. Wells Fargo & Co reissued a “market perform” rating and issued a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Cleveland Research began coverage on shares of Lennox International in a research report on Tuesday, October 3rd. They issued a “neutral” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $187.00 price objective on shares of Lennox International in a research report on Thursday, October 12th. Finally, Cowen reissued a “buy” rating and issued a $190.00 price objective on shares of Lennox International in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $191.83.
In related news, Chairman Todd M. Bluedorn sold 8,313 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now directly owns 181,973 shares of the company’s stock, valued at approximately $36,929,600.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Chris Kosel sold 754 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $204.37, for a total transaction of $154,094.98. Following the sale, the vice president now directly owns 810 shares of the company’s stock, valued at $165,539.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,794 shares of company stock valued at $5,495,107. Company insiders own 3.60% of the company’s stock.
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Lennox International Company Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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