Media stories about Lennox International (NYSE:LII) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lennox International earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.2253508061811 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Insider Selling: Lennox International Inc. (LII) VP Sells 67 Shares of Stock (americanbankingnews.com)
- Lennox International to Present at KeyBanc Conference (finance.yahoo.com)
- Global Refrigeration Condensers Market 2018- Guntner, Alfa Laval, Emerson, Kelvion Holding, Danfoss, LG … (thetechnicalprogress.com)
- Lennox International (LII) Force Signal Climbs Above Key Zero Line (fisherbusinessnews.com)
- Commercial Refrigeration Equipment to See 6.3% Annual Growth Through 2022 (globenewswire.com)
Shares of LII traded up $2.10 during mid-day trading on Friday, reaching $207.32. 213,944 shares of the stock traded hands, compared to its average volume of 304,109. The firm has a market capitalization of $8.46 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.05 and a beta of 1.19. Lennox International has a 12-month low of $160.18 and a 12-month high of $223.05. The company has a quick ratio of 1.10, a current ratio of 1.89 and a debt-to-equity ratio of -12.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $0.51. Lennox International’s payout ratio is 25.76%.
Lennox International announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of research analysts have weighed in on LII shares. Stifel Nicolaus lifted their price target on shares of Lennox International from $206.00 to $218.00 and gave the company a “hold” rating in a research report on Wednesday, March 21st. Barclays initiated coverage on shares of Lennox International in a research note on Thursday, February 15th. They set an “overweight” rating and a $233.00 price objective on the stock. UBS reiterated a “neutral” rating and set a $215.00 price objective (down previously from $230.00) on shares of Lennox International in a research note on Wednesday, February 7th. Robert W. Baird dropped their price objective on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, TheStreet lowered shares of Lennox International from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Lennox International has an average rating of “Hold” and a consensus price target of $206.88.
In related news, EVP Daniel M. Sessa sold 6,150 shares of Lennox International stock in a transaction on Friday, March 16th. The shares were sold at an average price of $206.15, for a total value of $1,267,822.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Todd M. Bluedorn sold 25,058 shares of Lennox International stock in a transaction on Friday, March 16th. The stock was sold at an average price of $209.78, for a total transaction of $5,256,667.24. Following the completion of the sale, the chairman now owns 214,976 shares of the company’s stock, valued at approximately $45,097,665.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,121 shares of company stock valued at $9,788,505. 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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