Lennox International (NYSE:LII) Downgraded to Neutral Rating by Mizuho

Lennox International (NYSE:LII) was downgraded by research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday,Finviz reports. They currently have a $625.00 price objective on the construction company’s stock, down from their previous price objective of $675.00. Mizuho’s price objective points to a potential upside of 3.18% from the stock’s previous close.

Several other research analysts have also issued reports on LII. Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Morgan Stanley initiated coverage on Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 target price for the company. UBS Group raised their target price on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Northcoast Research initiated 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. Finally, Robert W. Baird raised their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lennox International has a consensus rating of “Hold” and an average target price of $586.93.

Lennox International Stock Down 8.6 %

Shares of LII opened at $605.75 on Thursday. Lennox International has a 52 week low of $412.09 and a 52 week high of $682.50. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.95 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. The stock has a fifty day moving average of $642.08 and a 200-day moving average of $607.18.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. As a group, sell-side analysts anticipate that Lennox International will post 21.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Lennox International

In other news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the transaction, the director now owns 1,693 shares in the company, valued at $1,118,632.82. The trade was a 22.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,200 shares of company stock worth $793,228. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of LII. Handelsbanken Fonder AB raised its holdings in Lennox International by 22.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock valued at $3,626,000 after acquiring an additional 1,100 shares during the period. GAMMA Investing LLC raised its holdings in Lennox International by 27.8% during the 3rd quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock valued at $197,000 after acquiring an additional 71 shares during the period. UMB Bank n.a. grew its position in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Lennox International by 167.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock valued at $150,000 after purchasing an additional 156 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Lennox International by 87.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 229 shares of the construction company’s stock valued at $138,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

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.