Lennox International Inc. (NYSE:LII) Plans Quarterly Dividend of $1.15

Lennox International Inc. (NYSE:LII) announced a quarterly dividend on Friday, December 6th,RTT News reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 1.15 per share by the construction company on Wednesday, January 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.70%.

Lennox International has raised its dividend by an average of 12.3% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Lennox International has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lennox International to earn $23.35 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 19.7%.

Lennox International Stock Performance

Lennox International stock traded up $8.14 during mid-day trading on Friday, hitting $659.47. 40,408 shares of the company’s stock traded hands, compared to its average volume of 269,379. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 2.04 and a beta of 1.08. The firm has a 50 day simple moving average of $620.32 and a two-hundred day simple moving average of $575.94. Lennox International has a fifty-two week low of $406.40 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $5.37 EPS. On average, research analysts expect that Lennox International will post 21.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Shane D. Wall sold 325 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the sale, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Torres sold 581 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the sale, the executive vice president now owns 4,668 shares of the company’s stock, valued at approximately $2,898,734.64. The trade was a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,106 shares of company stock valued at $1,353,233. 10.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LII has been the subject of a number of recent research reports. Mizuho boosted their price objective on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price target on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Northcoast Research began coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $579.38.

Lennox International Company Profile

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.