Lennox International (NYSE:LII) Coverage Initiated at Morgan Stanley

Equities research analysts at Morgan Stanley started coverage on shares of Lennox International (NYSE:LII) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set an “underweight” rating and a $595.00 price target on the construction company’s stock. Morgan Stanley’s price target indicates a potential downside of 2.89% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Barclays increased their price target on Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. UBS Group increased their target price on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho boosted their price target on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average price target of $590.50.

Lennox International Trading Up 1.4 %

Shares of NYSE:LII opened at $612.71 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The company’s 50-day moving average price is $634.04 and its 200 day moving average price is $595.52. The company has a market cap of $21.83 billion, a PE ratio of 29.09, a P/E/G ratio of 2.04 and a beta of 1.11. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $5.37 earnings per share. Sell-side analysts anticipate that Lennox International will post 21.1 earnings per share for the current year.

Insider Activity

In other news, EVP John D. Torres sold 581 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the transaction, the director now directly owns 2,035 shares of the company’s stock, valued at $1,247,393.95. This represents a 13.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock valued at $1,353,233 over the last three months. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of the business. Everence Capital Management Inc. acquired a new position in shares of Lennox International in the 4th quarter valued at about $567,000. GAMMA Investing LLC grew its position in Lennox International by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 513 shares of the construction company’s stock valued at $313,000 after purchasing an additional 187 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Lennox International in the 3rd quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new position in Lennox International in the 3rd quarter valued at approximately $124,000. Finally, Toronto Dominion Bank lifted its position in Lennox International by 27.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock worth $2,393,000 after buying an additional 841 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other 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.