Barclays Increases Lennox International (NYSE:LII) Price Target to $575.00

Lennox International (NYSE:LII) had its target price lifted by analysts at Barclays from $550.00 to $575.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target points to a potential downside of 2.34% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company cut shares of Lennox International from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $550.00 to $570.00 in a research note on Wednesday, July 10th. Stephens reissued an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. Royal Bank of Canada raised their price target on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Robert W. Baird increased their price objective on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, TD Cowen boosted their target price on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $557.08.

Lennox International Price Performance

NYSE:LII opened at $588.80 on Wednesday. Lennox International has a 52-week low of $334.53 and a 52-week high of $627.09. The stock has a fifty day moving average of $578.49 and a 200 day moving average of $529.97. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 1.97 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $6.15 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts expect that Lennox International will post 20.32 EPS for the current fiscal year.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction dated 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 owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Chris Kosel sold 1,744 shares of the business’s 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 in the company, valued at $944,458.34. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock valued at $7,563,793 in the last quarter. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in Lennox International in the 2nd quarter worth $33,000. Massmutual Trust Co. FSB ADV lifted its holdings in Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after buying an additional 19 shares during the period. Rise Advisors LLC bought a new stake in Lennox International during the 1st quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Lennox International during the 2nd quarter worth approximately $65,000. Finally, Bessemer Group Inc. lifted its stake in shares of Lennox International by 403.3% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after purchasing an additional 121 shares during the period. Institutional investors 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.