Lennox International (NYSE:LII) PT Raised to $656.00 at Robert W. Baird

Lennox International (NYSE:LII) had its price target boosted by Robert W. Baird from $648.00 to $656.00 in a research report released on Thursday, Benzinga reports. Robert W. Baird currently has a neutral rating on the construction company’s stock.

Several other research firms have also weighed in on LII. Stephens reiterated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Mizuho raised their price target on Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company raised their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays boosted their price target on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Lennox International currently has an average rating of “Hold” and an average price target of $583.92.

Lennox International Price Performance

Shares of LII stock opened at $609.18 on Thursday. Lennox International has a twelve month low of $348.79 and a twelve month high of $627.46. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $21.71 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The firm has a fifty day simple moving average of $592.28 and a 200-day simple moving average of $544.60.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.37 earnings per share. Equities research analysts anticipate that Lennox International will post 20.38 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 25.51%.

Insider Buying and Selling

In related news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the sale, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at $12,447,808. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,308 shares of company stock worth $6,563,103. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Lennox International during the second quarter worth $33,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the period. UMB Bank n.a. boosted its position in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Lennox International in the second quarter worth about $65,000. Finally, Bessemer Group Inc. lifted its stake in Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after purchasing an additional 121 shares during the period. 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.