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

Lennox International Inc. (NYSE:LII - Get Free Report) declared 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 increased 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 Price Performance

Shares of NYSE LII traded up $9.79 during midday trading on Friday, reaching $661.12. 242,278 shares of the company were exchanged, compared to its average volume of 233,381. The stock's 50-day moving average price is $621.43 and its 200-day moving average price is $577.12. The stock has a market cap of $23.55 billion, a P/E ratio of 31.36, a PEG ratio of 2.04 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. Lennox International has a one year low of $406.40 and a one year high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts' consensus estimates of $5.95 by $0.73. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. Lennox International's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.37 EPS. On average, sell-side analysts anticipate that Lennox International will post 21.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Barclays lifted their price target on shares of Lennox International from $624.00 to $674.00 and gave the stock an "equal weight" rating in a report on Thursday. Northcoast Research began coverage on Lennox International in a report on Friday, November 22nd. They issued a "sell" rating and a $475.00 price objective for the company. KeyCorp lowered Lennox International from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price target on Lennox International from $604.00 to $619.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Two investment 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.com, the company has an average rating of "Hold" and a consensus target price of $579.38.

Insider Buying and Selling

In other Lennox International news, EVP John D. Torres sold 581 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. The trade was a 11.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shane D. Wall sold 325 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the transaction, the director now owns 2,035 shares in the company, valued at approximately $1,247,393.95. The trade was a 13.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,106 shares of company stock valued at $1,353,233 over the last ninety days. 10.40% of the stock is owned by corporate insiders.

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.