Lennox International (NYSE:LII) Price Target Raised to $360.00 at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price objective raised by JPMorgan Chase & Co. from $350.00 to $360.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an underweight rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. Barclays boosted their price objective on Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft began coverage on Lennox International in a research report on Thursday, February 1st. They set a buy rating and a $523.00 target price on the stock. TD Cowen lifted their target price on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Finally, StockNews.com cut Lennox International from a buy rating to a hold rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Trading Up 0.7 %

LII stock traded up $3.39 during mid-day 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. The company has a market cap 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 business’s 50 day moving average price is $471.81 and its 200 day moving average price is $434.88. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. Lennox International has a 12 month low of $264.88 and a 12 month high of $501.72.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, equities research analysts predict that Lennox International will post 19.66 EPS for the current year.

Lennox International Dividend Announcement

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

Insider Activity at Lennox International

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

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in Lennox International by 2.7% during the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after acquiring an additional 950 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after acquiring an additional 6,041 shares in the last quarter. New England Research & Management Inc. bought a new position in shares of Lennox International in the 1st quarter worth approximately $489,000. Rise Advisors LLC bought a new position in shares of Lennox International in the 1st quarter worth approximately $41,000. Finally, Symmetry Partners LLC increased its position in Lennox International by 4.6% during the 1st quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock valued at $1,044,000 after buying an additional 94 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.