Lennox International (NYSE:LII) PT Lowered to $520.00 at Wells Fargo & Company

Lennox International (NYSE:LII) had its target price reduced by Wells Fargo & Company from $545.00 to $520.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other research firms have also commented on LII. KeyCorp lifted their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. UBS Group boosted their price target on shares of Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a report on Thursday, February 1st. They issued a buy rating and a $523.00 price target for the company. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Finally, Mizuho boosted their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $482.31.

Lennox International Price Performance

LII opened at $477.11 on Thursday. The company has a fifty day moving average price of $472.39 and a two-hundred day moving average price of $435.93. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 52 week low of $264.88 and a 52 week high of $501.72. The firm has a market capitalization of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.34 and a beta of 1.02.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, analysts anticipate that Lennox International will post 19.82 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.92%. Lennox International’s dividend payout ratio is currently 25.49%.

Insider Activity at Lennox International

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lennox International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Lennox International by 33.6% during the 4th quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Lennox International by 2.7% during the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock worth $17,943,000 after purchasing an additional 950 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Lennox International by 11.8% during the 3rd quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after purchasing an additional 2,400 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Lennox International during the 3rd quarter worth about $8,067,000. 67.07% of the stock is owned by institutional investors.

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.