Lennox International (NYSE:LII) Upgraded to “Overweight” at Barclays

Lennox International (NYSE:LII) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $702.00 price objective on the construction company’s stock, up from their previous price objective of $665.00. Barclays‘s price objective points to a potential upside of 16.38% from the stock’s current price.

A number of other research analysts also recently commented on LII. Morgan Stanley initiated coverage on shares of Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. Northcoast Research began coverage on Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Mizuho cut shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $675.00 to $625.00 in a research report on Thursday, January 30th. Wells Fargo & Company reiterated an “underweight” rating and issued a $580.00 price objective (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Finally, UBS Group lifted their target price on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $608.85.

Lennox International Stock Performance

Shares of NYSE LII opened at $603.18 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a 50 day moving average price of $621.20 and a 200 day moving average price of $614.06. The stock has a market capitalization of $21.46 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Lennox International has a 52 week low of $445.63 and a 52 week high of $682.50.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Analysts predict that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. The trade was a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Lennox International during the third quarter worth about $27,000. First Horizon Advisors Inc. acquired a new stake in shares of Lennox International during the 3rd quarter worth approximately $39,000. Huntington National Bank increased its stake in Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares during the last quarter. Bessemer Group Inc. raised its position in Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after purchasing an additional 33 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Lennox International by 62.5% during the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after purchasing an additional 45 shares during the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

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.