Lennox International (NYSE:LII) Price Target Raised to $625.00

Lennox International (NYSE:LII) had its price target increased by UBS Group from $575.00 to $625.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

LII has been the subject of several other research reports. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price for the company. Mizuho boosted their price objective on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $590.15.

Lennox International Stock Up 1.4 %

NYSE LII 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 $595.52. Lennox International has a one year low of $412.09 and a one year high of $682.50. The company 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. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $5.37 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Lennox International will post 21.1 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Lennox International’s payout ratio is currently 21.84%.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 1,446 shares in the company, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Wednesday, November 27th. The stock was 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 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 Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Lennox International by 2.2% in the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after purchasing an additional 12,183 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in 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 buying an additional 5,673 shares during the last quarter. New York State Common Retirement Fund increased its stake in 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 worth $33,304,000 after buying an additional 2,013 shares in the last quarter. National Pension Service lifted its position in shares of Lennox International by 2.3% in the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after acquiring an additional 1,140 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Lennox International by 26.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after purchasing an additional 4,927 shares during the last quarter. 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.