Brokerages Set Lennox International Inc. (NYSE:LII) Target Price at $590.50

Shares of Lennox International Inc. (NYSE:LII) have been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $590.50.

Several research firms recently issued reports on LII. UBS Group increased their target price on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Northcoast Research began coverage on Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 price target for the company. Morgan Stanley began coverage on Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 price target for the company. Wells Fargo & Company increased their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays raised their price objective 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.

Insider Transactions at Lennox International

In other Lennox International news, EVP John D. Torres sold 581 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the transaction, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. This represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the transaction, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. The trade was a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 over the last quarter. 10.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Lennox International in the third quarter valued at $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the third quarter valued at $39,000. Huntington National Bank raised its stake in Lennox International by 47.9% in 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. UMB Bank n.a. raised its stake in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Lennox International in the third quarter valued at $77,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Trading Down 0.1 %

Shares of NYSE:LII opened at $663.12 on Monday. The company has a market cap of $23.62 billion, a P/E ratio of 31.49, a PEG ratio of 1.91 and a beta of 1.11. 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 $412.09 and a 1 year high of $682.50. The stock’s fifty day moving average price is $638.87 and its 200-day moving average price is $603.55.

Lennox International (NYSE:LII) last issued its quarterly 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 business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.37 earnings per share. Sell-side analysts expect that Lennox International will post 21.19 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.69%. Lennox International’s dividend payout ratio is currently 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.