Lennox International Inc. (NYSE:LII) Receives $560.83 Consensus Price Target from Brokerages

Shares of Lennox International Inc. (NYSE:LII) have earned an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $560.83.

A number of research firms recently weighed in on LII. Robert W. Baird lifted their price objective on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. KeyCorp boosted their price target on shares of Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Barclays boosted their price target on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen boosted their price target on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st.

Lennox International Trading Up 0.5 %

Shares of LII stock opened at $607.18 on Friday. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.09. The firm has a market cap of $21.63 billion, a P/E ratio of 35.18, a PEG ratio of 1.89 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The company has a 50 day moving average of $584.96 and a 200-day moving average of $536.67.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $6.15 EPS. Lennox International’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Lennox International will post 20.34 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.15 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at $944,458.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the sale, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,052 shares of company stock worth $7,563,793. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several institutional investors have recently added to or reduced their stakes in LII. V Square Quantitative Management LLC boosted its holdings in shares of Lennox International by 66.0% during the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after purchasing an additional 140 shares during the period. Symmetry Partners LLC boosted its holdings in shares of Lennox International by 4.6% during the first quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock worth $1,044,000 after purchasing an additional 94 shares during the period. Rise Advisors LLC purchased a new stake in shares of Lennox International during the first quarter worth about $41,000. New England Research & Management Inc. purchased a new stake in shares of Lennox International during the first quarter worth about $489,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares during the period. 67.07% of the stock is currently 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.