Lennox International (NYSE:LII) Price Target Increased to $510.00 by Analysts at Royal Bank of Canada

Lennox International (NYSE:LII) had its target price hoisted by Royal Bank of Canada from $481.00 to $510.00 in a report issued on Thursday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the construction company’s stock.

Several other brokerages have also commented on LII. Wells Fargo & Company decreased their price target on Lennox International from $545.00 to $520.00 and set an overweight rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They set a buy rating and a $523.00 price objective for the company. UBS Group lifted their price objective on Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a research report on Thursday. TD Cowen lifted their price objective on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research report on Wednesday, March 6th. Finally, StockNews.com downgraded Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $482.31.

Lennox International Stock Performance

LII traded up $3.39 during trading on Thursday, reaching $478.89. The company’s stock had a trading volume of 139,640 shares, compared to its average volume of 271,537. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72. The company’s fifty day moving average price is $471.81 and its 200-day moving average price is $434.88. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.17 by $0.30. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, equities analysts forecast that Lennox International will post 19.66 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Insider Activity

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Several institutional investors and hedge funds have recently bought and sold shares of LII. iA Global Asset Management Inc. acquired a new stake in Lennox International during the third quarter worth about $8,067,000. Eagle Asset Management Inc. acquired a new stake in shares of Lennox International in the fourth quarter valued at approximately $5,795,000. DNB Asset Management AS acquired a new stake in shares of Lennox International in the fourth quarter valued at approximately $5,393,000. Russell Investments Group Ltd. increased its stake in shares of Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after purchasing an additional 11,077 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Lennox International by 87.6% in the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after acquiring an additional 8,441 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.