Analysts Set Lennox International Inc. (NYSE:LII) Target Price at $543.62

Shares of Lennox International Inc. (NYSE:LII) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $543.62.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. KeyCorp raised their price objective on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company downgraded shares of Lennox International from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Lennox International by 3.1% in the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock valued at $53,060,000 after buying an additional 2,958 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after buying an additional 6,041 shares in the last quarter. Russell Investments Group Ltd. boosted its position in 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 buying an additional 11,077 shares in the last quarter. New York State Teachers Retirement System boosted its position in Lennox International by 2.7% in the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after buying an additional 950 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Lennox International in the first quarter valued at approximately $15,416,000. 67.07% of the stock is owned by institutional investors.

Lennox International Trading Down 4.8 %

Shares of NYSE:LII opened at $537.96 on Monday. Lennox International has a 52-week low of $334.53 and a 52-week high of $594.65. The company has a market capitalization of $19.17 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a 50-day simple moving average of $537.26 and a 200 day simple moving average of $491.68. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $6.15 EPS. Lennox International’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Lennox International will post 20.27 earnings per share for the current year.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.86%. This is a boost from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, June 28th. Lennox International’s dividend payout ratio (DPR) is 26.65%.

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.