Brokerages Set Lennox International, Inc. (NYSE:LII) PT at $556.55

Shares of Lennox International, Inc. (NYSE:LII) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $556.5455.

LII has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on Lennox International from $485.00 to $579.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Lennox International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. BNP Paribas Exane initiated coverage on shares of Lennox International in a report on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 price target for the company. Finally, Barclays lowered their price objective on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th.

Lennox International Stock Down 0.6%

NYSE:LII opened at $544.23 on Friday. Lennox International has a 1 year low of $434.06 and a 1 year high of $656.37. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.08 and a beta of 1.16. The stock has a 50-day moving average price of $531.98 and a two-hundred day moving average price of $517.43.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.19. Lennox International had a return on equity of 73.27% and a net margin of 14.89%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $3.63 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Lennox International will post 24.45 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s dividend payout ratio (DPR) is currently 24.48%.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 971 shares of Lennox International stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total value of $529,000.80. Following the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $593,832. This trade represents a 47.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently bought and sold shares of LII. Root Financial Partners LLC boosted its position in Lennox International by 137.9% during the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Huntington National Bank raised its holdings in shares of Lennox International by 51.8% in the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock valued at $41,000 after purchasing an additional 29 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Lennox International in the second quarter worth $54,000. Torren Management LLC bought a new stake in shares of Lennox International in the fourth quarter worth $70,000. Finally, Oslo Pensjonsforsikring AS acquired a new position in Lennox International during the first quarter worth $118,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.