Lennox International (NYSE:LII) Reaches New 52-Week High at $552.26

Shares of Lennox International Inc. (NYSE:LII) hit a new 52-week high during trading on Friday . The company traded as high as $552.26 and last traded at $550.85, with a volume of 7634 shares trading hands. The stock had previously closed at $542.69.

Analysts Set New Price Targets

A number of brokerages have commented on LII. Royal Bank of Canada increased their price target on shares of Lennox International from $481.00 to $510.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. Stephens reiterated an “overweight” rating and issued a $550.00 price target on shares of Lennox International in a research note on Thursday, April 25th. TD Cowen increased their price objective on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, Wells Fargo & Company increased their price objective on shares of Lennox International from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $491.92.

Lennox International Trading Down 1.2 %

The firm has a market capitalization of $19.06 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.56 and a beta of 1.05. The business’s 50-day moving average is $500.44 and its 200 day moving average is $471.19. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68.

Lennox International (NYSE:LII) last released its quarterly 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, analysts anticipate that Lennox International Inc. will post 19.96 EPS for the current fiscal year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.15 dividend. This is a positive change 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 is Friday, June 28th. Lennox International’s dividend payout ratio (DPR) is currently 25.49%.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently made changes to their positions in the stock. Swedbank AB acquired a new stake in Lennox International during the 1st quarter worth approximately $15,416,000. LRI Investments LLC acquired a new stake in Lennox International during the 1st quarter worth approximately $269,000. Plato Investment Management Ltd bought a new position in Lennox International during the 1st quarter worth approximately $1,023,000. Bessemer Group Inc. raised its holdings in Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after purchasing an additional 121 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Lennox International by 1.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 9,076 shares of the construction company’s stock worth $4,436,000 after purchasing an additional 96 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.