Barclays Raises Lennox International (NYSE:LII) Price Target to $575.00

Lennox International (NYSE:LII) had its price target lifted by Barclays from $550.00 to $575.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

A number of other research analysts have also commented on LII. Stephens reissued an overweight rating and set a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. Robert W. Baird increased their price objective on Lennox International from $505.00 to $610.00 and gave the company a neutral rating in a report on Monday, July 15th. TD Cowen increased their price objective on Lennox International from $550.00 to $600.00 and gave the company a buy rating in a report on Friday, June 21st. Wells Fargo & Company lowered Lennox International from an overweight rating to an equal weight rating and raised their target price for the company from $550.00 to $570.00 in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted their price target on Lennox International from $507.00 to $575.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Lennox International has an average rating of Hold and an average target price of $557.08.

Lennox International Stock Performance

Shares of LII stock opened at $594.05 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The stock’s 50-day moving average is $579.35 and its two-hundred day moving average is $530.38. The firm has a market cap of $21.16 billion, a P/E ratio of 34.42, a PEG ratio of 1.97 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.15 EPS. Analysts predict that Lennox International will post 20.32 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, September 30th. Lennox International’s dividend payout ratio is 26.65%.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at $944,458.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,052 shares of company stock valued at $7,563,793 in the last 90 days. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of Lennox International during the second quarter worth $33,000. Massmutual Trust Co. FSB ADV raised its position in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Lennox International during the first quarter worth $41,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Lennox International during the second quarter worth $65,000. Finally, Bessemer Group Inc. raised its position in shares of Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.