Brokers Set Expectations for Lennox International Inc.’s Q2 2024 Earnings (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Equities research analysts at William Blair lowered their Q2 2024 earnings per share (EPS) estimates for shares of Lennox International in a research note issued to investors on Wednesday, April 24th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $6.50 per share for the quarter, down from their prior estimate of $6.51. The consensus estimate for Lennox International’s current full-year earnings is $19.77 per share. William Blair also issued estimates for Lennox International’s Q3 2024 earnings at $6.02 EPS and Q4 2024 earnings at $4.26 EPS.

A number of other equities analysts also recently issued reports on the company. Mizuho lifted their price target on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research note on Monday, April 1st. KeyCorp lifted their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a research report on Thursday, February 1st. They set a “buy” rating and a $523.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, StockNews.com cut shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $482.31.

Lennox International Price Performance

LII stock opened at $477.11 on Friday. The company has a market capitalization of $16.99 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72. The business has a 50-day simple moving average of $472.39 and a two-hundred day simple moving average of $435.93.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. Lennox International’s payout ratio is 25.49%.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Lennox International by 105.3% in the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock worth $3,035,000 after acquiring an additional 3,478 shares in the last quarter. Naples Money Management LLC purchased a new position in Lennox International in the fourth quarter worth $1,588,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Lennox International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after acquiring an additional 1,653 shares in the last quarter. Forsta AP Fonden grew its position in Lennox International by 11.8% in the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after acquiring an additional 2,400 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Lennox International in the third quarter worth $8,067,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

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.