Lennox International Inc. Declares Quarterly Dividend of $0.64 (LII)
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.
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.
Featured Article: Intrinsic Value and Stock Selection
Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.