Lennox International (NYSE:LII) Sets New 12-Month High After Analyst Upgrade

Shares of Lennox International Inc. (NYSE:LII) reached a new 52-week high during mid-day trading on Thursday after Barclays raised their price target on the stock from $500.00 to $517.00. Barclays currently has an equal weight rating on the stock. Lennox International traded as high as $555.64 and last traded at $554.05, with a volume of 27702 shares traded. The stock had previously closed at $544.66.

Other equities analysts have also recently issued reports about the stock. Stephens reiterated an “overweight” rating and set a $550.00 price objective on shares of Lennox International in a research report on Thursday, April 25th. TD Cowen upped their price objective on shares of Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Royal Bank of Canada upped their price objective on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Mizuho boosted their target price on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Lennox International presently has a consensus rating of “Hold” and a consensus target price of $504.00.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently modified their holdings of LII. Massmutual Trust Co. FSB ADV lifted its position in shares of Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after acquiring an additional 19 shares during the period. Tobam lifted its position in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares during the period. Rise Advisors LLC acquired a new position in shares of Lennox International during the 1st quarter valued at $41,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Lennox International during the 4th quarter valued at $42,000. Finally, Bessemer Group Inc. raised its holdings in 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 buying an additional 121 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Stock Performance

The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The company’s fifty day simple moving average is $515.85 and its two-hundred day simple moving average is $478.19. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 2.46 and a beta of 1.07.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts forecast that Lennox International Inc. will post 19.96 earnings per share for the current year.

Lennox International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.15 per share. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, June 28th. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International’s dividend payout ratio is presently 26.65%.

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.