Lennox International (NYSE:LII) Now Covered by Analysts at Northcoast Research

Northcoast Research initiated coverage on shares of Lennox International (NYSE:LII) in a report issued on Friday, Marketbeat.com reports. The firm issued a sell rating and a $475.00 target price on the construction company’s stock.

A number of other brokerages also recently commented on LII. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Barclays increased their price target on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Robert W. Baird increased their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $575.54.

Lennox International Stock Up 3.3 %

Shares of NYSE:LII opened at $679.08 on Friday. The stock has a market cap of $24.19 billion, a P/E ratio of 32.24, a P/E/G ratio of 2.02 and a beta of 1.07. The firm has a fifty day moving average price of $612.51 and a 200 day moving average price of $567.57. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. Lennox International has a 1-year low of $397.34 and a 1-year high of $682.50.

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

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.68%. Lennox International’s dividend payout ratio is currently 21.84%.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. This trade represents a 12.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the sale, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,480 shares of company stock valued at $3,823,519 in the last ninety days. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International in the third quarter worth approximately $27,000. Innealta Capital LLC acquired a new stake in shares of Lennox International in the second quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in Lennox International during the third quarter valued at approximately $39,000. Finally, Huntington National Bank lifted its position in Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after buying an additional 23 shares in 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.