Lennox International, Inc. (NYSE:LII)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a report issued on Thursday, September 7th. They currently have a $171.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 1.14% from the stock’s previous close.
Several other research firms have also weighed in on LII. Wells Fargo & Company reiterated a “market perform” rating and set a $190.00 target price (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. BidaskClub downgraded shares of Lennox International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. UBS AG boosted their price target on shares of Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Cowen and Company reissued a “buy” rating on shares of Lennox International in a report on Monday, July 24th. Finally, Wolfe Research initiated coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $178.33.
Lennox International (LII) opened at 170.53 on Thursday. The company has a 50-day moving average of $166.98 and a 200 day moving average of $172.58. Lennox International has a one year low of $140.97 and a one year high of $192.58. The company has a market cap of $7.19 billion, a P/E ratio of 24.56 and a beta of 1.14.
Lennox International (NYSE:LII) last released its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Lennox International will post $8.00 earnings per share for the current year.
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In other Lennox International news, VP Chris Kosel sold 357 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,094 shares of company stock worth $2,409,181. 3.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Lennox International during the 2nd quarter worth about $20,855,000. Congress Asset Management Co. MA raised its holdings in Lennox International by 7.6% during the 2nd quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock worth $82,332,000 after buying an additional 31,840 shares during the period. World Asset Management Inc raised its holdings in Lennox International by 14.1% during the 1st quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock worth $456,000 after buying an additional 336 shares during the period. Ameriprise Financial Inc. raised its holdings in Lennox International by 4.7% during the 1st quarter. Ameriprise Financial Inc. now owns 107,774 shares of the construction company’s stock worth $18,032,000 after buying an additional 4,861 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Lennox International by 0.5% in the 2nd quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock valued at $85,504,000 after purchasing an additional 2,333 shares during the period. Hedge funds and other institutional investors own 68.33% of the company’s stock.
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.
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