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

Shares of Lennox International Inc. (NYSE:LII) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $543.62.

A number of research analysts recently issued reports on LII shares. Royal Bank of Canada lifted their price target on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. UBS Group boosted their price objective on shares of Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. KeyCorp boosted their price objective on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Barclays boosted their price objective on shares of Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company downgraded shares of Lennox International from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th.

Lennox International Stock Down 4.9 %

Shares of Lennox International stock opened at $537.29 on Monday. Lennox International has a 52-week low of $334.53 and a 52-week high of $594.65. The company has a 50 day moving average of $537.26 and a 200 day moving average of $490.87. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $19.14 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.87 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $6.15 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, research analysts forecast that Lennox International will post 20.19 EPS for the current fiscal year.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.15 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, June 28th. Lennox International’s payout ratio is currently 26.65%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Lennox International during the 2nd quarter worth $33,000. Massmutual Trust Co. FSB ADV grew its stake 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 worth $36,000 after purchasing an additional 19 shares during the period. Tobam grew its stake in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares during the period. Rise Advisors LLC acquired a new position in shares of Lennox International during the 1st quarter worth $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Lennox International during the 4th quarter worth $42,000. 67.07% of the stock is owned by institutional investors and hedge funds.

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.