Barclays Issues Positive Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target raised by Barclays from $624.00 to $674.00 in a research report released on Thursday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

A number of other brokerages have also issued reports on LII. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Mizuho increased their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective for the company. Royal Bank of Canada raised their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lennox International presently has a consensus rating of “Hold” and a consensus price target of $579.38.

Lennox International Price Performance

Shares of LII opened at $651.66 on Thursday. The firm has a market cap of $23.21 billion, a PE ratio of 30.94, a P/E/G ratio of 2.04 and a beta of 1.08. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $620.32 and a two-hundred day simple moving average of $575.94. Lennox International has a 1-year low of $406.40 and a 1-year high of $682.50.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $5.37 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Lennox International will post 21.1 EPS for the current year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.71%. Lennox International’s payout ratio is 21.84%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction on Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the sale, the executive vice president now owns 4,668 shares in the company, valued at $2,898,734.64. This represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,106 shares of company stock valued at $1,353,233. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently bought and sold shares of LII. Driehaus Capital Management LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at $11,115,000. Geode Capital Management LLC boosted its stake in shares of Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after purchasing an additional 12,183 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Lennox International by 1,065.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after purchasing an additional 5,673 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after buying an additional 4,927 shares during the last quarter. Institutional investors and hedge funds 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.