Lennox International (NYSE:LII) Stock Price Expected to Rise, UBS Group Analyst Says

Lennox International (NYSE:LII) had its price target upped by UBS Group from $575.00 to $625.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Several other brokerages also recently issued reports on LII. Robert W. Baird raised their price target on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Northcoast Research assumed coverage on Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price on the stock. Wells Fargo & Company upped their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada raised 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 note on Thursday, October 24th. Finally, KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $590.15.

Lennox International Stock Up 1.4 %

LII opened at $612.71 on Friday. The firm has a market cap of $21.83 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The business has a 50 day moving average price of $634.04 and a 200 day moving average price of $594.89. Lennox International has a twelve month low of $412.09 and a twelve month high of $682.50.

Lennox International (NYSE:LII) last issued its quarterly earnings data 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. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $5.37 earnings per share. Lennox International’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts forecast that Lennox International will post 21.1 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.75%. Lennox International’s payout ratio is currently 21.84%.

Insiders Place Their Bets

In other news, Director Todd J. Teske sold 500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the sale, the director now owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This represents a 5.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the transaction, the executive vice president now directly owns 4,668 shares of the company’s stock, valued at $2,898,734.64. This represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock worth $1,353,233 over the last quarter. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. increased its holdings in Lennox International by 7.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after purchasing an additional 5,673 shares in the last quarter. L & S Advisors Inc grew its holdings in shares of Lennox International by 0.8% during the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock worth $2,854,000 after purchasing an additional 40 shares during the last quarter. Argent Trust Co increased its stake in shares of Lennox International by 6.6% in the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after buying an additional 41 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Lennox International by 5.0% in the second quarter. Pacer Advisors Inc. now owns 7,306 shares of the construction company’s stock valued at $3,909,000 after buying an additional 349 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Lennox International by 2.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after buying an additional 66 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.