Lennox International (NYSE:LII) Price Target Raised to $674.00

Lennox International (NYSE:LII) had its price objective hoisted by Barclays from $624.00 to $674.00 in a report issued on Thursday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Several other research firms have also issued reports on LII. Wells Fargo & Company boosted their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird upped their price objective on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Mizuho lifted their target price on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Northcoast Research initiated coverage on Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $579.38.

Lennox International Stock Performance

Shares of NYSE:LII opened at $651.66 on Thursday. The stock has a market capitalization of $23.21 billion, a P/E ratio of 30.94, a P/E/G ratio of 2.04 and a beta of 1.08. Lennox International has a 1-year low of $406.40 and a 1-year high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $620.32 and a two-hundred day moving average price of $575.94.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.37 EPS. Equities analysts predict that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio is currently 21.84%.

Insider Buying and Selling at Lennox International

In other Lennox International 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now directly owns 1,446 shares in the company, valued at approximately $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 over the last three months. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of LII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the third quarter worth about $27,000. Innealta Capital LLC bought a new position in shares of Lennox International during the second quarter worth about $33,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International during the third quarter worth about $39,000. Huntington National Bank grew its holdings in shares of Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.