Lennox International (NYSE:LII) PT Raised to $615.00 at Wells Fargo & Company

Lennox International (NYSE:LII) had its price target boosted by Wells Fargo & Company from $570.00 to $615.00 in a research report released on Monday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a sector perform rating in a report on Thursday, July 25th. TD Cowen upped their price target on Lennox International from $550.00 to $600.00 and gave the company a buy rating in a report on Friday, June 21st. KeyCorp lifted their price objective on Lennox International from $515.00 to $600.00 and gave the stock an overweight rating in a report on Monday, July 22nd. The Goldman Sachs Group upped their target price on shares of Lennox International from $507.00 to $575.00 and gave the company a buy rating in a research note on Wednesday, July 10th. Finally, Robert W. Baird raised their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a neutral rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Lennox International has an average rating of Hold and a consensus target price of $560.83.

Lennox International Trading Down 3.1 %

Lennox International stock opened at $595.64 on Monday. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.09. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The business’s fifty day simple moving average is $582.20 and its two-hundred day simple moving average is $534.34. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.15 EPS. As a group, equities analysts predict that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.77%. Lennox International’s dividend payout ratio is currently 25.51%.

Insiders Place Their Bets

In other news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at $9,438,608. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,052 shares of company stock worth $7,563,793. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of LII. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Lennox International by 167.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock valued at $150,000 after purchasing an additional 156 shares during the period. UMB Bank n.a. raised its holdings in Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the period. GAMMA Investing LLC lifted its position in shares of Lennox International by 27.8% in the third quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock valued at $197,000 after acquiring an additional 71 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Lennox International by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock worth $3,626,000 after acquiring an additional 1,100 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of Lennox International during the second quarter worth about $300,000. 67.07% of the stock is currently owned by institutional investors.

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.