Mizuho Boosts Lennox International (NYSE:LII) Price Target to $650.00

Lennox International (NYSE:LII) had its price target boosted by Mizuho from $575.00 to $650.00 in a research report released on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird increased their target price on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Stephens restated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. TD Cowen increased their price target on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. The Goldman Sachs Group boosted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada upped their price objective on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $570.00.

Lennox International Trading Down 0.1 %

Lennox International stock opened at $603.05 on Thursday. The stock has a market cap of $21.48 billion, a P/E ratio of 34.94, a PEG ratio of 1.89 and a beta of 1.07. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The firm’s fifty day moving average price is $588.83 and its 200-day moving average price is $539.56. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

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

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is 26.65%.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 1,646 shares in the company, 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 through this hyperlink. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $944,458.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The trade was 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 sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lennox International

Several institutional investors and hedge funds have recently modified their holdings of LII. Swedbank AB bought a new stake in Lennox International during the 1st quarter valued at about $15,416,000. Driehaus Capital Management LLC purchased a new position in Lennox International in the 2nd quarter worth approximately $11,115,000. SG Americas Securities LLC lifted its position in Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after acquiring an additional 18,972 shares in the last quarter. Forsta AP Fonden boosted its stake 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 purchasing an additional 13,200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

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.