News headlines about Lennox International (NYSE:LII) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lennox International earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 47.5116562811216 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s rankings:
- Stock Repurchase Plan Announced by Lennox International (LII) (americanbankingnews.com)
- UBS Group Lowers Lennox International (LII) Price Target to $215.00 (americanbankingnews.com)
- Lennox (LII) Beats on Q4 Earnings, Misses Revenue Estimate – Nasdaq (nasdaq.com)
- Lennox International (LII) Q4 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Lennox Updates FY18 Outlook – Quick Facts (nasdaq.com)
Shares of Lennox International (LII) opened at $200.98 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. Lennox International has a fifty-two week low of $157.37 and a fifty-two week high of $223.05. The stock has a market cap of $8,264.12, a P/E ratio of 24.92, a PEG ratio of 1.08 and a beta of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.51 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.02%. Lennox International’s dividend payout ratio (DPR) is presently 28.53%.
Lennox International announced that its board has initiated a share buyback plan on Wednesday, December 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
LII has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a report on Tuesday, October 24th. Stifel Nicolaus raised their target price on shares of Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird restated a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Credit Suisse Group restated a “neutral” rating and set a $180.00 target price (up from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $210.00 target price (up from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $201.43.
In other news, Chairman Todd M. Bluedorn sold 12,901 shares of Lennox International stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the sale, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Todd M. Bluedorn sold 8,313 shares of Lennox International stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now owns 181,973 shares in the company, valued at $36,929,600.62. The disclosure for this sale can be found here. Insiders sold 27,484 shares of company stock worth $5,662,461 over the last quarter. 3.90% of the stock is owned by corporate insiders.
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About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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