Lennox International, Inc. (NYSE:LII)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a report issued on Tuesday, October 24th.
Several other equities analysts have also issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Lennox International from $187.00 to $192.00 and gave the company a “hold” rating in a report on Tuesday, October 24th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $180.00 price objective (up from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Morgan Stanley increased their target price on Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Cowen and Company boosted their target price on shares of Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, June 27th. Finally, Wolfe Research assumed coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $183.17.
Shares of Lennox International (LII) opened at $188.79 on Tuesday. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. Lennox International has a 12-month low of $144.15 and a 12-month high of $201.40. The stock has a market capitalization of $7,886.51, a price-to-earnings ratio of 24.33, a PEG ratio of 1.41 and a beta of 1.19.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.09. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The company’s revenue was up 4.0% on a year-over-year basis. sell-side analysts anticipate that Lennox International will post 7.92 EPS for the current fiscal year.
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In related news, Director Paul W. Schmidt sold 750 shares of Lennox International stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $193.46, for a total transaction of $145,095.00. Following the completion of the sale, the director now owns 2,689 shares of the company’s stock, valued at $520,213.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Douglas L. Young sold 7,658 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $193.94, for a total value of $1,485,192.52. Following the completion of the sale, the executive vice president now directly owns 61,155 shares of the company’s stock, valued at approximately $11,860,400.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,211 shares of company stock worth $2,554,112. 3.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of LII. Schroder Investment Management Group boosted its stake in shares of Lennox International by 15.6% during the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after buying an additional 72,804 shares during the last quarter. Pacer Advisors Inc. lifted its position in Lennox International by 11.3% during the third quarter. Pacer Advisors Inc. now owns 6,935 shares of the construction company’s stock worth $1,241,000 after acquiring an additional 703 shares during the last quarter. Donaldson Capital Management LLC lifted its position in Lennox International by 2.3% during the third quarter. Donaldson Capital Management LLC now owns 18,876 shares of the construction company’s stock worth $3,378,000 after acquiring an additional 430 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Lennox International by 160.0% during the third quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after acquiring an additional 178,481 shares during the last quarter. Finally, Hilton Capital Management LLC lifted its position in Lennox International by 5.8% during the third quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock worth $11,107,000 after acquiring an additional 3,380 shares during the last quarter. Hedge funds and other institutional investors own 69.09% 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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