Lennox International (NYSE:LII) Research Coverage Started at Northcoast Research

Northcoast Research began coverage on shares of Lennox International (NYSE:LII) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued a sell rating and a $475.00 target price on the construction company’s stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada increased their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Mizuho boosted their price objective on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. Robert W. Baird lifted their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Barclays raised their price target on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $575.54.

Lennox International Stock Performance

LII stock opened at $657.69 on Friday. The company has a 50-day simple moving average of $611.00 and a 200 day simple moving average of $566.23. 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 has a market capitalization of $23.43 billion, a P/E ratio of 31.23, a PEG ratio of 2.00 and a beta of 1.07. Lennox International has a fifty-two week low of $397.34 and a fifty-two week high of $658.69.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $5.37 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts predict that Lennox International will post 21.1 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.70%. Lennox International’s dividend payout ratio is currently 21.84%.

Insider Transactions at Lennox International

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. This represents a 24.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the sale, the executive vice president now directly owns 4,668 shares in the company, valued at approximately $2,898,734.64. This represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,480 shares of company stock valued at $3,823,519 over the last ninety days. 10.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after purchasing an additional 12,183 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Lennox International by 3.1% during the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock valued at $53,060,000 after buying an additional 2,958 shares during the period. Achmea Investment Management B.V. lifted its position in shares of Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after purchasing an additional 5,673 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock valued at $33,304,000 after purchasing an additional 2,013 shares in the last quarter. Finally, National Pension Service increased its position in shares of Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after buying an additional 1,140 shares during the period. Hedge funds and other institutional investors 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.