Lennox International Inc. (NYSE:LII) Given Consensus Rating of “Hold” by Analysts

Shares of Lennox International Inc. (NYSE:LII) have received an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $560.83.

Several analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group raised their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays upped their target price on shares of Lennox International from $550.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd.

Lennox International Price Performance

LII stock opened at $600.49 on Friday. The firm has a 50 day moving average of $587.10 and a 200-day moving average of $537.86. The firm has a market capitalization of $21.39 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.09. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $6.15 EPS. As a group, sell-side analysts predict that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.77%. Lennox International’s payout ratio is currently 26.65%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at $944,458.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at $944,458.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the transaction, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,052 shares of company stock worth $7,563,793. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently made changes to their positions in the business. Swedbank AB purchased a new position in Lennox International during the 1st quarter valued at $15,416,000. Driehaus Capital Management LLC bought a new position in Lennox International in the second quarter worth about $11,115,000. SG Americas Securities LLC lifted its holdings in Lennox International by 279.7% in the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after buying an additional 18,972 shares during the period. Forsta AP Fonden boosted its position in Lennox International by 165.0% during the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after acquiring an additional 6,041 shares during the period. 67.07% of the stock is owned by hedge funds and other 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.