Lennox International Inc. (NYSE:LII) Receives $583.92 Consensus Target Price from Brokerages

Shares of Lennox International Inc. (NYSE:LII) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $583.92.

A number of brokerages recently commented on LII. Barclays upped their target price on Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Stephens restated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. Wells Fargo & Company upped their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada lifted their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

Lennox International Trading Up 1.4 %

NYSE LII opened at $630.95 on Wednesday. The stock’s 50-day simple moving average is $598.90 and its two-hundred day simple moving average is $553.89. Lennox International has a twelve month low of $386.11 and a twelve month high of $636.25. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.85 and a beta of 1.07.

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

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio is currently 21.84%.

Insider Activity at Lennox International

In related news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lennox International news, EVP John D. Torres sold 581 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares of the company’s stock, valued at approximately $2,898,734.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,214 shares of company stock worth $7,123,108. 10.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lennox International

A number of hedge funds have recently made changes to their positions in LII. Swedbank AB bought a new position in shares of Lennox International in the first quarter worth about $15,416,000. Driehaus Capital Management LLC bought a new position in shares of Lennox International in the second quarter worth about $11,115,000. SG Americas Securities LLC lifted its position in shares of Lennox International by 279.7% in the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after buying an additional 18,972 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Lennox International by 165.0% in the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after buying an additional 13,200 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its position in shares of Lennox International by 7.3% in the second 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 in the last quarter. Institutional investors 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.