UBS Group Forecasts Strong Price Appreciation for Lennox International (NYSE:LII) Stock

Lennox International (NYSE:LII) had its price objective upped by UBS Group from $575.00 to $625.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird raised their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Mizuho upped their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price target on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lennox International has a consensus rating of “Hold” and a consensus price target of $590.15.

Lennox International Price Performance

NYSE:LII opened at $612.71 on Friday. Lennox International has a one year low of $412.09 and a one year high of $682.50. The stock has a market cap of $21.83 billion, a PE ratio of 29.09, a P/E/G ratio of 2.04 and a beta of 1.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The stock has a 50 day moving average price of $634.04 and a 200 day moving average price of $595.52.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping the consensus estimate of $5.95 by $0.73. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. During the same quarter in the previous year, the firm earned $5.37 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Lennox International will post 21.1 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.75%. Lennox International’s payout ratio is 21.84%.

Insider Activity at Lennox International

In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the sale, the director now owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares in the company, valued at approximately $5,344,038.72. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock valued at $1,353,233 over the last quarter. 10.40% of the stock is owned by insiders.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC purchased a new stake in shares of Lennox International during the second quarter worth approximately $11,115,000. Geode Capital Management LLC boosted its holdings in 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 lifted its holdings 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 buying an additional 7,012 shares during the period. Achmea Investment Management B.V. grew its stake in shares of Lennox International by 7.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after purchasing an additional 5,673 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Lennox International by 26.9% during the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after buying an additional 4,927 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

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.