Lennox International (NYSE:LII) PT Raised to $650.00

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

A number of other equities analysts have also recently commented on LII. Stephens reiterated an “overweight” rating and set a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. Royal Bank of Canada boosted their target price on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. TD Cowen raised their price target on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. The Goldman Sachs Group upped their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and a consensus price target of $570.00.

Lennox International Trading Down 0.1 %

Shares of Lennox International stock opened at $603.05 on Thursday. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.09. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $588.83 and its 200-day moving average is $539.56. The stock has a market cap of $21.48 billion, a P/E ratio of 34.94, a P/E/G ratio of 1.89 and a beta of 1.07.

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

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio is 26.65%.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Lennox International news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The trade was 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 5,374 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total value of $3,138,416.00. Following the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock valued at $7,563,793 in the last quarter. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LII. New England Research & Management Inc. acquired a new stake in Lennox International during the first quarter worth about $489,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position 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 in the last quarter. Van ECK Associates Corp increased its stake in Lennox International by 6.9% in the first quarter. Van ECK Associates Corp now owns 8,202 shares of the construction company’s stock valued at $4,009,000 after acquiring an additional 528 shares during the last quarter. BNP Paribas Financial Markets raised its position in Lennox International by 21.6% during the first quarter. BNP Paribas Financial Markets now owns 21,980 shares of the construction company’s stock valued at $10,743,000 after purchasing an additional 3,905 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Lennox International during the first quarter worth $728,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.