Lennox International Inc. (NYSE:LII) announced a quarterly dividend on Thursday, September 13th, RTT News reports. Investors of record on Friday, September 28th will be paid a dividend of 0.64 per share by the construction company on Monday, October 15th. This represents a $2.56 annualized dividend and a dividend yield of 1.12%.

Lennox International has increased its dividend by an average of 20.3% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Lennox International has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lennox International to earn $11.47 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 22.3%.

Shares of LII stock opened at $228.62 on Friday. The company has a debt-to-equity ratio of -7.32, a current ratio of 1.86 and a quick ratio of 1.14. The company has a market capitalization of $9.16 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.29 and a beta of 1.16. Lennox International has a 1 year low of $164.72 and a 1 year high of $229.98.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.11. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Lennox International had a negative return on equity of 750.65% and a net margin of 8.15%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.83 earnings per share. analysts predict that Lennox International will post 9.24 earnings per share for the current year.

Several equities research analysts have weighed in on LII shares. Wolfe Research started coverage on Lennox International in a research note on Wednesday, June 27th. They set an “underperform” rating for the company. Wells Fargo & Co upped their target price on Lennox International from $220.00 to $230.00 and gave the stock a “market perform” rating in a research note on Monday, July 9th. Morgan Stanley started coverage on Lennox International in a research note on Monday, August 20th. They set an “underweight” rating and a $201.00 target price for the company. Barclays upped their target price on Lennox International from $233.00 to $239.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Finally, Seaport Global Securities cut Lennox International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $215.38.

In other news, EVP Gary S. Bedard sold 340 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $225.00, for a total value of $76,500.00. Following the completion of the transaction, the executive vice president now directly owns 19,118 shares in the company, valued at approximately $4,301,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd M. Bluedorn sold 48,340 shares of the stock in a transaction on Thursday, June 21st. The shares were sold at an average price of $204.71, for a total value of $9,895,681.40. Following the completion of the transaction, the chief executive officer now owns 125,320 shares of the company’s stock, valued at $25,654,257.20. The disclosure for this sale can be found here. Insiders have sold 57,598 shares of company stock valued at $11,904,585 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Dividend History for Lennox International (NYSE:LII)

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