Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Thursday, September 16th, Zacks reports. Investors of record on Thursday, September 30th will be given a dividend of 0.92 per share by the construction company on Friday, October 15th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, September 29th.
Lennox International has increased its dividend payment by 57.1% over the last three years.
NYSE:LII opened at $305.83 on Friday. Lennox International has a 1-year low of $259.62 and a 1-year high of $356.36. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 23.49 and a beta of 0.83. The stock has a fifty day simple moving average of $328.32 and a 200 day simple moving average of $328.92.
Several brokerages recently issued reports on LII. Morgan Stanley increased their price objective on Lennox International from $280.00 to $284.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Lennox International from $347.00 to $351.00 and gave the stock a “hold” rating in a research note on Wednesday, July 14th. William Blair downgraded Lennox International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 14th. Credit Suisse Group raised their price target on Lennox International from $308.00 to $318.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 27th. Finally, Barclays raised their price target on Lennox International from $340.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 8th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $306.00.
In other news, CEO Todd M. Bluedorn sold 6,058 shares of Lennox International stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $327.56, for a total transaction of $1,984,358.48. Following the sale, the chief executive officer now owns 60,252 shares of the company’s stock, valued at approximately $19,736,145.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph William Reitmeier sold 7,190 shares of the business’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $331.30, for a total value of $2,382,047.00. Following the sale, the chief financial officer now owns 28,077 shares of the company’s stock, valued at approximately $9,301,910.10. The disclosure for this sale can be found here. Insiders sold a total of 17,547 shares of company stock worth $5,786,193 over the last three months. 3.22% of the stock is owned by company insiders.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
Read More: What is a death cross?
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.