Lennox International, Inc. (LII) Given New $193.00 Price Target at Wells Fargo & Company

Lennox International, Inc. (NYSE:LII) had its target price hoisted by Wells Fargo & Company from $190.00 to $193.00 in a research note released on Friday, October 6th. Wells Fargo & Company currently has a market perform rating on the construction company’s stock.

Several other equities analysts also recently commented on the company. Wolfe Research restated a peer perform rating on shares of Lennox International in a research report on Tuesday, October 3rd. Cleveland Research assumed coverage on Lennox International in a research report on Tuesday, October 3rd. They issued a neutral rating on the stock. Morgan Stanley boosted their target price on Lennox International from $161.00 to $166.00 and gave the stock an underweight rating in a research report on Monday, September 25th. Stifel Nicolaus reiterated a hold rating and issued a $171.00 target price on shares of Lennox International in a research report on Thursday, September 7th. Finally, BidaskClub downgraded Lennox International from a sell rating to a strong sell rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $181.50.

Shares of Lennox International (NYSE:LII) opened at 181.82 on Friday. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The stock has a market cap of $7.67 billion, a PE ratio of 26.19 and a beta of 1.15. The firm has a 50 day moving average price of $173.62 and a 200 day moving average price of $173.97.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that Lennox International will post $7.85 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.12%. Lennox International’s dividend payout ratio is currently 29.35%.

In other Lennox International news, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the sale, the chairman now directly owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chris Kosel sold 357 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the sale, the vice president now directly owns 1,379 shares in the company, valued at $239,270.29. The disclosure for this sale can be found here. Insiders have sold 14,216 shares of company stock worth $2,431,048 over the last three months. 3.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. bought a new position in shares of Lennox International during the second quarter valued at approximately $239,000. State Street Corp grew its stake in shares of Lennox International by 10.2% during the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after buying an additional 128,170 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Lennox International by 4.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after buying an additional 28 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Lennox International by 5.6% during the second quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock valued at $12,366,000 after buying an additional 3,580 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Lennox International by 2.5% during the second quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock valued at $27,179,000 after buying an additional 3,600 shares during the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

Analyst Recommendations for Lennox International (NYSE:LII)

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