Stephens Reaffirms “Overweight” Rating for Lennox International (NYSE:LII)

Stephens reiterated their overweight rating on shares of Lennox International (NYSE:LII) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $675.00 price objective on the construction company’s stock.

Several other brokerages have also commented on LII. Royal Bank of Canada upped their price target on Lennox International from $566.00 to $572.00 and gave the company a sector perform rating in a research note on Thursday. KeyCorp boosted their price objective on Lennox International from $515.00 to $600.00 and gave the company an overweight rating in a report on Monday, July 22nd. UBS Group boosted their price objective on Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a report on Thursday, April 25th. Mizuho boosted their price objective on Lennox International from $490.00 to $540.00 and gave the company a buy rating in a report on Monday, April 1st. Finally, Robert W. Baird boosted their price objective on Lennox International from $505.00 to $610.00 and gave the company a neutral rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Lennox International presently has an average rating of Hold and an average target price of $543.62.

Lennox International Stock Performance

Shares of Lennox International stock opened at $572.80 on Thursday. Lennox International has a 52 week low of $334.53 and a 52 week high of $583.42. The business’s fifty day simple moving average is $530.22 and its 200-day simple moving average is $487.03. The firm has a market cap of $20.41 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.58 and a beta of 1.07. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $6.15 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Lennox International will post 20.06 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were 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 of this dividend was Friday, June 28th. This represents a $4.60 annualized dividend and a yield of 0.80%. Lennox International’s dividend payout ratio is 26.65%.

Institutional Investors Weigh In On Lennox International

Several large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its holdings 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 purchasing an additional 6,041 shares during the period. Russell Investments Group Ltd. boosted its position 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 acquiring an additional 11,077 shares in the last quarter. New York State Teachers Retirement System boosted its position 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 acquiring an additional 950 shares in the last quarter. Swedbank AB acquired a new position in shares of Lennox International during the 1st quarter worth about $15,416,000. Finally, SG Americas Securities LLC boosted its position in shares of Lennox International by 279.7% during the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after acquiring an additional 18,972 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.