Brokerages Set Lennox International Inc. (NYSE:LII) Target Price at $473.67

Lennox International Inc. (NYSE:LII) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $482.31.

A number of equities research analysts have commented on LII shares. UBS Group increased their target price on Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a report on Thursday. StockNews.com cut Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a report on Thursday, February 1st. They set a “buy” rating and a $523.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on Lennox International from $545.00 to $520.00 and set an “overweight” rating on the stock in a report on Thursday.

Insider Buying and Selling

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’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 transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the firm’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 of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its position in shares of Lennox International by 105.3% during the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock worth $3,035,000 after acquiring an additional 3,478 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of Lennox International during the fourth quarter worth about $1,588,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after acquiring an additional 1,653 shares during the last quarter. Forsta AP Fonden increased its position in shares of Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after acquiring an additional 2,400 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Lennox International during the third quarter worth about $8,067,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Stock Performance

LII opened at $477.10 on Friday. The stock’s 50 day simple moving average is $472.39 and its 200 day simple moving average is $435.55. The stock has a market cap of $16.99 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.72. Lennox International has a 1-year low of $264.88 and a 1-year high of $501.72.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. As a group, equities analysts anticipate that Lennox International will post 19.66 EPS for the current fiscal year.

Lennox International Announces Dividend

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

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.