Brokerages Set Lennox International Inc. (NYSE:LII) Price Target at $560.83

Shares of Lennox International Inc. (NYSE:LII) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $560.83.

A number of analysts recently weighed in on the company. TD Cowen increased their price objective on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. KeyCorp increased their price objective on Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird increased their price objective on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada increased their price objective on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th.

Insider Transactions at Lennox International

In related news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd J. Teske sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,052 shares of company stock valued at $7,563,793 in the last 90 days. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in shares of Lennox International during the 2nd quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after buying an additional 19 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Lennox International during the 1st quarter worth approximately $41,000. UMB Bank n.a. lifted 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 worth $53,000 after buying an additional 70 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International during the 2nd quarter worth approximately $65,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Trading Up 0.5 %

Shares of LII stock opened at $607.18 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a market cap of $21.63 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The stock has a 50 day simple moving average of $584.96 and a 200 day simple moving average of $536.67. Lennox International has a 1 year low of $334.53 and a 1 year high of $627.09.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $6.15 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

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.