Lennox International Inc. (NYSE:LII) Receives Consensus Rating of “Hold” from Brokerages

Lennox International Inc. (NYSE:LII) has received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $579.38.

Several research analysts recently weighed in on the stock. Northcoast Research began coverage on shares of Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 price target on the stock. Robert W. Baird upped their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Barclays upped their price objective on Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada boosted their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th.

Lennox International Stock Up 1.0 %

LII stock opened at $631.13 on Thursday. The firm has a market capitalization of $22.48 billion, a PE ratio of 29.97, a P/E/G ratio of 2.04 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. Lennox International has a twelve month low of $412.09 and a twelve month high of $682.50. The stock’s 50 day moving average is $632.90 and its 200-day moving average is $591.09.

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

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 0.73%. Lennox International’s payout ratio is 21.84%.

Insider Activity at Lennox International

In other news, Director Sherry Buck sold 500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the sale, the director now directly owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This represents a 22.80 % decrease in their ownership of the stock. The sale 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 business’s 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 transaction, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,106 shares of company stock worth $1,353,233. 10.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares in the last quarter. L & S Advisors Inc increased its position in shares of Lennox International by 0.8% in the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock worth $2,854,000 after purchasing an additional 40 shares during the last quarter. Argent Trust Co raised its stake in Lennox International by 6.6% in the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after purchasing an additional 41 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Lennox International during the third quarter valued at approximately $27,000. Finally, Innealta Capital LLC purchased a new position in Lennox International in the 2nd quarter worth approximately $33,000. 67.07% of the stock is owned by institutional investors.

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.