Lennox International (NYSE:LII) Hits New 1-Year High – Here’s What Happened

Lennox International Inc. (NYSE:LII) hit a new 52-week high during trading on Wednesday . The company traded as high as $627.46 and last traded at $618.67, with a volume of 330181 shares trading hands. The stock had previously closed at $594.37.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LII. Mizuho raised their price target on Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays lifted their target price on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird lifted their price objective on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company upped their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lennox International has an average rating of “Hold” and a consensus target price of $570.00.

Lennox International Price Performance

The company has a 50-day moving average of $590.11 and a 200 day moving average of $541.73. The firm has a market cap of $21.56 billion, a P/E ratio of 34.43, a P/E/G ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Lennox International (NYSE:LII) last issued its 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. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.15 EPS. On average, sell-side analysts anticipate that Lennox International Inc. will post 20.34 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Insiders Place Their Bets

In related news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,052 shares of company stock valued at $7,563,793 in the last 90 days. 10.40% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its holdings in Lennox International by 38.8% in the second 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. L & S Advisors Inc increased its holdings in shares of Lennox International by 0.8% in the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock worth $2,854,000 after acquiring an additional 40 shares in the last quarter. Argent Trust Co increased its holdings in shares of Lennox International by 6.6% in the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock worth $356,000 after acquiring an additional 41 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Lennox International during the 2nd quarter valued at about $33,000. Finally, Toronto Dominion Bank raised its holdings in Lennox International by 2.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after buying an additional 66 shares during the period. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

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.