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.
TRADEMARK VIOLATION NOTICE: “Lennox International, Inc. (LII) Given New $193.00 Price Target at Wells Fargo & Company” was originally reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/lennox-international-inc-lii-price-target-raised-to-193-00/1703046.html.
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.
Receive News & Ratings for Lennox International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International Inc. and related companies with our FREE daily email newsletter.