Robert W. Baird Raises Lennox International (NYSE:LII) Price Target to $610.00

Lennox International (NYSE:LIIFree Report) had its price target boosted by Robert W. Baird from $505.00 to $610.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

LII has been the subject of several other reports. Wells Fargo & Company lowered shares of Lennox International from an overweight rating to an equal weight rating and lifted their target price for the company from $550.00 to $570.00 in a research report on Wednesday, July 10th. Stephens reaffirmed an overweight rating and set a $550.00 price objective on shares of Lennox International in a report on Thursday, April 25th. TD Cowen increased their target price on Lennox International from $550.00 to $600.00 and gave the company a buy rating in a research note on Friday, June 21st. Barclays lifted their price target on Lennox International from $500.00 to $517.00 and gave the stock an equal weight rating in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group upped their price objective on Lennox International from $507.00 to $575.00 and gave the stock a buy rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Lennox International has a consensus rating of Hold and an average target price of $520.15.

View Our Latest Report on LII

Lennox International Trading Down 4.6 %

NYSE:LII opened at $551.48 on Monday. The company has a market cap of $19.64 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.54 and a beta of 1.07. Lennox International has a 1 year low of $328.94 and a 1 year high of $583.42. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The stock’s fifty day moving average price is $521.31 and its two-hundred day moving average price is $480.87.

Lennox International (NYSE:LIIGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. As a group, analysts expect that Lennox International will post 20.01 EPS for the current year.

Lennox International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International’s dividend payout ratio (DPR) is 26.65%.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. SG Americas Securities LLC increased its stake 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 valued at $3,035,000 after purchasing an additional 3,478 shares in the last quarter. Naples Money Management LLC purchased a new position in Lennox International during the fourth quarter valued at $1,588,000. Forsta AP Fonden raised its stake in Lennox International by 165.0% during the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after buying an additional 13,200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Lennox International by 2.5% in 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 in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Lennox International in the first quarter worth $728,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lennox International (NYSE:LII)

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