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

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

A number of other brokerages also recently issued reports on LII. Northcoast Research assumed coverage on shares of Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective on the stock. Mizuho increased their price objective on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada increased their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International presently has an average rating of “Hold” and a consensus target price of $579.38.

Lennox International Trading Up 1.5 %

LII stock opened at $661.12 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The company’s 50-day simple moving average is $621.43 and its 200 day simple moving average is $577.71. Lennox International has a 52 week low of $406.40 and a 52 week high of $682.50. The company has a market capitalization of $23.55 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company posted $5.37 earnings per share. Lennox International’s revenue was up 9.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.70%. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insider Activity at Lennox International

In related news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the transaction, the director now owns 1,693 shares in the company, valued at $1,118,632.82. This trade represents a 22.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock worth $1,353,233 in the last quarter. 10.40% of the stock is owned by insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Lennox International during the 3rd quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new stake in Lennox International during the 3rd quarter valued at approximately $124,000. Toronto Dominion Bank increased its position in Lennox International by 27.0% during the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock valued at $2,393,000 after purchasing an additional 841 shares during the period. Geode Capital Management LLC increased its position in Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after purchasing an additional 12,183 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Lennox International by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,333 shares of the construction company’s stock valued at $10,474,000 after purchasing an additional 145 shares during the period. 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.