Wells Fargo & Company Reaffirms “Underweight” Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “underweight” rating reiterated by analysts at Wells Fargo & Company in a report released on Monday, MarketBeat reports. They currently have a $580.00 price objective on the construction company’s stock, down from their prior price objective of $630.00. Wells Fargo & Company‘s target price suggests a potential upside of 0.25% from the stock’s current price.

LII has been the topic of a number of other reports. Robert W. Baird boosted 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. Northcoast Research assumed coverage on shares of Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective on the stock. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Finally, UBS Group upped their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $606.00.

Lennox International Stock Performance

Shares of LII stock opened at $578.53 on Monday. The stock has a market cap of $20.61 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.16 and a beta of 1.10. The company has a fifty day moving average price of $636.16 and a two-hundred day moving average price of $608.35. Lennox International has a one year low of $412.09 and a one year high of $682.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, equities analysts predict that Lennox International will post 23.09 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sherry Buck sold 500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the transaction, the director now owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This represents a 22.80 % 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. Also, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction that occurred on 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 in the company, valued at $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,200 shares of company stock worth $793,228 over the last ninety days. Corporate insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several institutional investors and hedge funds have recently added to or reduced their stakes in LII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the third quarter valued at about $27,000. First Horizon Advisors Inc. bought a new position in Lennox International in the 3rd quarter valued at approximately $39,000. Huntington National Bank raised its holdings in Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after buying an additional 23 shares during the last quarter. UMB Bank n.a. boosted its position in 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 buying an additional 70 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Lennox International during the 3rd quarter worth approximately $77,000. 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.