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

Lennox International Inc. (NYSE:LII - Get Free Report) announced a quarterly dividend on Friday, March 21st, RTT News reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 1.15 per share by the construction company on Thursday, May 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, April 30th.

Lennox International has increased its dividend by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 15 years. Lennox International has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $25.70 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 17.9%.

Lennox International Trading Up 0.2 %

Shares of NYSE:LII traded up $1.34 during trading on Tuesday, reaching $587.59. The company's stock had a trading volume of 260,999 shares, compared to its average volume of 315,318. The stock has a market capitalization of $20.91 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. Lennox International has a 12 month low of $445.63 and a 12 month high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm's 50 day simple moving average is $608.22 and its two-hundred day simple moving average is $615.84.

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Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, research analysts predict that Lennox International will post 22.94 EPS for the current fiscal year.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $536.00 to $565.00 and gave the stock an "underweight" rating in a research note on Thursday, January 30th. Stephens reiterated an "overweight" rating and set a $750.00 price target on shares of Lennox International in a report on Friday, March 7th. Barclays raised shares of Lennox International from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $665.00 to $702.00 in a research note on Wednesday, February 26th. Wells Fargo & Company restated an "underweight" rating and set a $580.00 target price (down previously from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Finally, Mizuho lowered Lennox International from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $614.62.

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.