Lennox International (NYSE:LII) Cut to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Lennox International (NYSE:LII) from a buy rating to a neutral rating in a research note published on Wednesday, MarketBeat Ratings reports. They currently have $390.00 price objective on the construction company’s stock, down from their previous price objective of $547.00.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Lennox International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $609.00 to $444.00 in a research note on Monday, September 14th. William Blair reissued an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Weiss Ratings downgraded Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley reduced their target price on Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $483.46.

Lennox International Trading Down 0.2%

Shares of NYSE:LII opened at $357.71 on Wednesday. The stock has a market capitalization of $12.36 billion, a PE ratio of 16.17, a P/E/G ratio of 1.49 and a beta of 1.16. Lennox International has a 1 year low of $340.32 and a 1 year high of $587.27. The firm has a fifty day moving average price of $379.43 and a 200 day moving average price of $463.97. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping the consensus estimate of $7.67 by $0.05. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Analysts expect that Lennox International will post 23.41 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International’s payout ratio is currently 24.59%.

Institutional Trading of Lennox International

Several hedge funds have recently added to or reduced their stakes in LII. N.E.W. Advisory Services LLC acquired a new stake in Lennox International in the 2nd quarter valued at approximately $37,000. Root Financial Partners LLC increased its position in Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. Burkett Financial Services LLC bought a new position in Lennox International in the 3rd quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new position in shares of Lennox International during the second quarter worth approximately $50,000. Finally, Allworth Financial LP acquired a new position in shares of Lennox International during the second quarter worth approximately $91,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc (NYSE:LII) is a heating, ventilation, air conditioning and refrigeration company that designs, manufactures and markets climate-control products for residential and commercial applications. Its offerings include furnaces, air conditioners, heat pumps, packaged systems, thermostats, controls and indoor air-quality products.

The company also provides commercial HVAC systems and services for offices, retail locations, industrial facilities and other buildings, as well as refrigeration equipment used in food retail and other applications.