Morgan Stanley Cuts Lennox International (NYSE:LII) Price Target to $475.00

Lennox International (NYSE:LII) had its price target reduced by Morgan Stanley from $535.00 to $475.00 in a report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the construction company’s stock.

Several other brokerages have also weighed in on LII. Oppenheimer dropped their price objective on shares of Lennox International from $730.00 to $675.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 17th. Wells Fargo & Company upgraded shares of Lennox International from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $675.00 to $575.00 in a research note on Monday, October 6th. UBS Group lowered their price target on shares of Lennox International from $676.00 to $610.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Lennox International in a report on Wednesday, October 8th. Finally, Mizuho decreased their target price on Lennox International from $650.00 to $565.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Lennox International has an average rating of “Hold” and a consensus price target of $600.17.

Lennox International Stock Up 0.2%

Shares of LII stock opened at $495.83 on Thursday. Lennox International has a 52-week low of $485.47 and a 52-week high of $689.44. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.82 and a beta of 1.10. The firm’s 50-day moving average is $546.64 and its 200-day moving average is $567.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 1.68.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, topping the consensus estimate of $6.69 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.54 billion. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. Sell-side analysts predict that Lennox International will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.0%. Lennox International’s dividend payout ratio (DPR) is currently 21.95%.

Insider Activity

In related news, CAO Chris Kosel sold 300 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the sale, the chief accounting officer directly owned 1,282 shares in the company, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Lennox International by 32.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 3,659 shares of the construction company’s stock valued at $1,937,000 after acquiring an additional 904 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Lennox International by 55.6% in the 3rd quarter. SG Americas Securities LLC now owns 49,456 shares of the construction company’s stock valued at $26,180,000 after purchasing an additional 17,673 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Lennox International by 10.4% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the construction company’s stock valued at $6,206,000 after purchasing an additional 1,100 shares during the last quarter. Regency Capital Management Inc. DE raised its holdings in shares of Lennox International by 21.9% during the 3rd quarter. Regency Capital Management Inc. DE now owns 5,788 shares of the construction company’s stock worth $3,064,000 after buying an additional 1,038 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Lennox International by 40.8% during the 3rd quarter. Pacer Advisors Inc. now owns 4,572 shares of the construction company’s stock worth $2,420,000 after buying an additional 1,325 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

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.