Wells Fargo & Company Reiterates Underweight Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “underweight” rating reiterated by equities researchers at Wells Fargo & Company in a note issued to investors on Monday,Benzinga reports. They currently have a $580.00 price target on the construction company’s stock, down from their previous price target of $630.00. Wells Fargo & Company‘s price target points to a potential downside of 1.94% from the company’s previous close.

A number of other brokerages also recently issued reports on LII. UBS Group upped their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their price objective on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday. Mizuho downgraded Lennox International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $675.00 to $625.00 in a report on Thursday. Finally, KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Lennox International has an average rating of “Hold” and a consensus price target of $606.00.

Lennox International Trading Down 2.5 %

Shares of LII stock opened at $591.45 on Monday. Lennox International has a 1 year low of $412.09 and a 1 year high of $682.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $639.82 and its two-hundred day simple moving average is $607.96. The company has a market cap of $21.07 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Research analysts predict that Lennox International will post 23.09 earnings per share for the current year.

Insider Transactions at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the sale, the director now owns 7,911 shares of the company’s stock, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,200 shares of company stock valued at $793,228 in the last quarter. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in Lennox International by 3.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock worth $415,000 after acquiring an additional 20 shares during the last quarter. Huntington National Bank raised its stake in Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after acquiring an additional 23 shares during the last quarter. Tilia Fiduciary Partners Inc. raised its stake in Lennox International by 0.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company’s stock worth $2,820,000 after acquiring an additional 30 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International during the 3rd quarter valued at about $27,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Lennox International during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

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.