Lennox International Inc. (NYSE:LII) Receives $579.38 Consensus Target Price from Analysts

Shares of Lennox International Inc. (NYSE:LII) have been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $579.38.

Several research firms have recently weighed in on LII. Robert W. Baird lifted their target price 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. Northcoast Research began coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Royal Bank of Canada increased their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Barclays lifted their price target on Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Mizuho increased their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 200 shares of Lennox International 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 transaction, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd J. Teske sold 500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the sale, the director now directly owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This trade represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,106 shares of company stock worth $1,353,233. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Several large investors have recently modified their holdings of LII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the 3rd quarter worth about $27,000. Innealta Capital LLC acquired a new stake in shares of Lennox International during the second quarter valued at about $33,000. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International in the 3rd quarter valued at approximately $39,000. Huntington National Bank lifted its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after acquiring an additional 23 shares during the last quarter. Finally, UMB Bank n.a. boosted 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 purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Price Performance

Shares of LII opened at $620.03 on Thursday. The business’s 50-day moving average is $633.77 and its two-hundred day moving average is $592.75. The company has a market capitalization of $22.09 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.04 and a beta of 1.08. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company’s 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 earnings per share. Research analysts predict that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.74%. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

About Lennox International

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.