Short Interest in Lennox International Inc. (NYSE:LII) Declines By 6.1%

Lennox International Inc. (NYSE:LII) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 895,500 shares, a drop of 6.1% from the July 15th total of 954,100 shares. Based on an average daily volume of 307,100 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.8% of the shares of the company are short sold.

Lennox International Price Performance

NYSE:LII opened at $578.00 on Tuesday. 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 business’s 50-day moving average price is $551.62 and its 200 day moving average price is $501.18. Lennox International has a 52-week low of $334.53 and a 52-week high of $594.65. The firm has a market cap of $20.59 billion, a P/E ratio of 33.49, a PEG ratio of 1.81 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.15 EPS. As a group, sell-side analysts predict that Lennox International will post 20.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on LII. Stephens reissued an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. Barclays boosted their price target on shares of Lennox International from $517.00 to $550.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. TD Cowen lifted their price objective 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. KeyCorp upped their target price on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Robert W. Baird lifted their price target on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Lennox International presently has a consensus rating of “Hold” and an average target price of $543.62.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on 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 owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Lennox International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after buying an additional 1,653 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Lennox International in the 4th quarter valued at approximately $42,000. GAMMA Investing LLC acquired a new position in Lennox International in the 4th quarter worth approximately $80,000. Russell Investments Group Ltd. boosted its stake in Lennox International by 33.6% in the 4th quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares during the period. Finally, Van ECK Associates Corp purchased a new position in Lennox International during the 4th quarter worth approximately $3,434,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.