Lennox International (NYSE:LII) Stock Price Expected to Rise, UBS Group Analyst Says

Lennox International (NYSE:LII) had its target price increased by analysts at UBS Group from $575.00 to $625.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective suggests a potential upside of 2.01% from the company’s current price.

A number of other equities analysts have also commented on the stock. Northcoast Research started coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Wells Fargo & Company lifted their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Mizuho increased their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $590.15.

Lennox International Price Performance

Shares of LII stock opened at $612.71 on Friday. The stock has a 50 day moving average price of $634.04 and a 200 day moving average price of $595.20. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. 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 firm has a market capitalization of $21.83 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.04 and a beta of 1.11.

Lennox International (NYSE:LII) last released 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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $5.37 earnings per share. As a group, sell-side analysts predict that Lennox International will post 21.1 earnings per share for the current year.

Insider Activity at Lennox International

In related news, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the transaction, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. This represents a 22.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, 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. Insiders sold 2,106 shares of company stock valued at $1,353,233 over the last 90 days. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. grew its holdings in shares of Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after buying an additional 5,673 shares during the last quarter. L & S Advisors Inc grew its stake in Lennox International by 0.8% during the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after purchasing an additional 40 shares during the last quarter. Argent Trust Co increased its holdings in shares of 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 during the period. Pacer Advisors Inc. raised its stake in shares of Lennox International by 5.0% in the second quarter. Pacer Advisors Inc. now owns 7,306 shares of the construction company’s stock worth $3,909,000 after purchasing an additional 349 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Lennox International by 2.2% during the second quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after purchasing an additional 66 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.