William Blair Has Positive Forecast for LII Q4 Earnings

Lennox International Inc. (NYSE:LII - Free Report) - Equities researchers at William Blair upped their Q4 2024 earnings per share estimates for Lennox International in a report released on Wednesday, January 15th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $4.40 per share for the quarter, up from their previous estimate of $4.19. The consensus estimate for Lennox International's current full-year earnings is $21.12 per share. William Blair also issued estimates for Lennox International's Q2 2025 earnings at $7.64 EPS and Q3 2025 earnings at $7.22 EPS.

Other research analysts have also issued reports about the company. KeyCorp lowered Lennox International from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. UBS Group upped their price target on Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Mizuho lifted their target price on Lennox International from $650.00 to $675.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $590.50.

Lennox International Price Performance

NYSE:LII traded up $5.06 during mid-day trading on Monday, reaching $647.92. 233,176 shares of the company were exchanged, compared to its average volume of 614,127. The company has a fifty day moving average of $636.68 and a 200 day moving average of $601.58. The stock has a market cap of $23.08 billion, a PE ratio of 30.77, a PEG ratio of 1.69 and a beta of 1.11. Lennox International has a 12 month low of $412.09 and a 12 month high of $682.50. 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 (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $5.37 earnings per share. The firm's revenue was up 9.6% compared to the same quarter last year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, December 31st. Lennox International's payout ratio is 21.84%.

Insider Activity

In other news, EVP John D. Torres sold 581 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares of the company's stock, valued at approximately $2,898,734.64. This represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Chris Kosel sold 200 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock valued at $1,353,233 over the last quarter. 10.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Everence Capital Management Inc. acquired a new stake in Lennox International during the fourth quarter worth approximately $567,000. Toronto Dominion Bank boosted its holdings in shares of Lennox International by 27.0% during the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company's stock worth $2,393,000 after buying an additional 841 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company's stock worth $33,304,000 after buying an additional 2,013 shares during the period. National Pension Service increased its stake in shares of Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company's stock valued at $30,978,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock valued at $4,635,000 after purchasing an additional 7,012 shares during the period. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

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.