Lennox International Inc. (NYSE:LII) Given Average Rating of “Hold” by Brokerages

Lennox International Inc. (NYSE:LII) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $583.92.

LII has been the subject of several research reports. Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Barclays boosted their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th.

Insider Activity at Lennox International

In related news, EVP John D. Torres sold 581 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the sale, the executive vice president now directly owns 4,668 shares of the company’s stock, valued at $2,898,734.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the sale, the director now owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Torres sold 581 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the transaction, the executive vice president now directly owns 4,668 shares in the company, valued at $2,898,734.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,214 shares of company stock valued at $7,123,108 in the last ninety days. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its position in Lennox International by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock valued at $53,060,000 after acquiring an additional 2,958 shares during the period. Achmea Investment Management B.V. increased its holdings in shares of 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 valued at $44,570,000 after purchasing an additional 5,673 shares during the period. New York State Common Retirement Fund raised its stake in shares of Lennox International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after purchasing an additional 2,013 shares during the last quarter. National Pension Service lifted its holdings in shares of Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock worth $30,978,000 after purchasing an additional 1,140 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Lennox International during the first quarter worth $15,416,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Stock Performance

Shares of Lennox International stock opened at $616.08 on Wednesday. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The business has a 50-day moving average of $600.78 and a 200 day moving average of $557.11. Lennox International has a 12 month low of $391.63 and a 12 month high of $653.83.

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

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is 21.84%.

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.