Lennox International (NYSE:LII) Coverage Initiated at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of Lennox International (NYSE:LII) in a research report issued to clients and investors on Monday, MarketBeat reports. The firm set an “underweight” rating and a $595.00 price target on the construction company’s stock. Morgan Stanley’s target price suggests a potential downside of 2.73% from the company’s previous close.

LII has been the subject of several other reports. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. UBS Group upped their price target 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 boosted their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Northcoast Research began coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $590.50.

Lennox International Trading Up 0.3 %

NYSE LII opened at $611.72 on Monday. The firm has a market cap of $21.79 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lennox International has a 1-year low of $412.09 and a 1-year high of $682.50. The stock has a 50-day moving average of $633.99 and a 200-day moving average of $596.46. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $5.37 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Lennox International will post 21.1 EPS for the current year.

Insider Activity

In other news, EVP John D. Torres sold 581 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the sale, the executive vice president now owns 4,668 shares in the company, valued at $2,898,734.64. This represents a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the transaction, the chief accounting officer now owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock worth $1,353,233 over the last three months. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

Institutional investors have recently modified their holdings of the business. Driehaus Capital Management LLC purchased a new position in Lennox International in the 2nd quarter worth about $11,115,000. Geode Capital Management LLC raised its holdings in shares of Lennox International by 2.2% during the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after purchasing an additional 12,183 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after purchasing an additional 7,012 shares during the period. Achmea Investment Management B.V. boosted its holdings in Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after purchasing an additional 5,673 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Lennox International by 26.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after purchasing an additional 4,927 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.