Lennox International Inc. (NYSE:LII) Receives $575.54 Average PT from Analysts

Lennox International Inc. (NYSE:LII) has been given a consensus rating of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $575.54.

Several research firms recently weighed in on LII. Wells Fargo & Company lifted their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada lifted their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Northcoast Research started coverage on Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price for the company. Finally, Barclays increased their price target on shares of Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th.

Insiders Place Their Bets

In other news, Director Shane D. Wall sold 325 shares of Lennox International stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now owns 2,035 shares of the company’s stock, valued at $1,247,393.95. The trade was a 13.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Torres sold 581 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $2,898,734.64. The trade was a 11.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,106 shares of company stock valued at $1,353,233. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently made changes to their positions in LII. New York State Common Retirement Fund lifted its holdings in shares of Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 2,013 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Lennox International during the second quarter valued at about $491,000. Achmea Investment Management B.V. raised its position in Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after acquiring an additional 5,673 shares in the last quarter. National Pension Service boosted its position in shares of Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after purchasing an additional 1,140 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Lennox International by 36.0% during the third quarter. Nisa Investment Advisors LLC now owns 6,776 shares of the construction company’s stock valued at $4,104,000 after buying an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Stock Performance

NYSE LII opened at $663.96 on Friday. The stock has a fifty day simple moving average of $617.78 and a 200-day simple moving average of $573.55. 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 stock has a market cap of $23.65 billion, a PE ratio of 31.53, a P/E/G ratio of 2.05 and a beta of 1.08. Lennox International has a twelve month low of $406.40 and a twelve month high of $682.50.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share 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 net margin of 14.63% and a return on equity of 148.52%. Lennox International’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.37 earnings per share. Equities analysts anticipate that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.69%. Lennox International’s dividend payout ratio is currently 21.84%.

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.