Lennox International (NYSE:LII) Rating Lowered to Neutral at Mizuho

Lennox International (NYSE:LII) was downgraded by Mizuho from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday,Finviz reports. They currently have a $625.00 price objective on the construction company’s stock, down from their previous price objective of $675.00. Mizuho’s price objective suggests a potential upside of 3.18% from the stock’s previous close.

LII has been the subject of several other reports. UBS Group upped their price objective on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada upped their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Northcoast Research initiated coverage on shares of Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective for the company. Barclays upped their price objective on shares of Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $586.93.

Lennox International Stock Down 8.6 %

Shares of NYSE:LII opened at $605.75 on Thursday. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. The firm has a fifty day moving average of $642.08 and a 200 day moving average of $607.18. The firm has a market capitalization of $21.58 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.95 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.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. As a group, research analysts anticipate that Lennox International will post 21.2 EPS for the current fiscal year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 200 shares of the stock in a transaction that occurred 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. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry Buck sold 500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the sale, the director now owns 1,693 shares in the company, valued at approximately $1,118,632.82. The trade was a 22.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,200 shares of company stock valued at $793,228. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of large investors have recently added to or reduced their stakes in LII. Handelsbanken Fonder AB grew its position in Lennox International by 22.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock worth $3,626,000 after purchasing an additional 1,100 shares during the period. GAMMA Investing LLC grew its position in Lennox International by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock worth $197,000 after purchasing an additional 71 shares during the period. UMB Bank n.a. grew its position in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in Lennox International by 167.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock worth $150,000 after purchasing an additional 156 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Lennox International by 87.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 229 shares of the construction company’s stock worth $138,000 after purchasing an additional 107 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.