Wells Fargo & Company Downgrades Lennox International (NYSE:LII) to Equal Weight

Lennox International (NYSE:LII) was downgraded by research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $570.00 target price on the construction company’s stock, up from their prior target price of $550.00. Wells Fargo & Company‘s price target points to a potential upside of 2.22% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their target price on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. TD Cowen lifted their target price on shares of Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho lifted their target price on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $504.00.

Lennox International Stock Up 2.4 %

Lennox International stock opened at $557.64 on Wednesday. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.45 and a beta of 1.07. The company has a current ratio of 1.43, a quick ratio of 0.68 and a debt-to-equity ratio of 3.13. The company’s 50-day moving average price is $513.88 and its two-hundred day moving average price is $477.41. Lennox International has a 52 week low of $328.08 and a 52 week high of $564.21.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. On average, analysts expect that Lennox International will post 19.96 EPS for the current fiscal year.

Institutional Trading of Lennox International

A number of institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after acquiring an additional 6,041 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after purchasing an additional 11,077 shares during the period. New York State Teachers Retirement System raised its position in shares of Lennox International by 2.7% in the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after purchasing an additional 950 shares during the period. Swedbank AB bought a new position in shares of Lennox International in the first quarter valued at approximately $15,416,000. Finally, SG Americas Securities LLC raised its position in shares of Lennox International by 279.7% in the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after purchasing an additional 18,972 shares during the period. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.