Lennox International Inc. (NYSE:LII) Given Average Rating of “Moderate Buy” by Analysts

Lennox International Inc. (NYSE:LII) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $491.92.

LII has been the topic of several research reports. Stephens reiterated an “overweight” rating and issued a $550.00 price objective on shares of Lennox International in a research note on Thursday, April 25th. UBS Group raised their target price on shares of Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Barclays raised their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. raised their target price 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. Finally, KeyCorp raised their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th.

Lennox International Stock Up 2.1 %

Shares of NYSE:LII opened at $547.19 on Thursday. The company has a market cap of $19.49 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.68 and a current ratio of 1.43. The firm has a 50 day simple moving average of $504.51 and a 200 day simple moving average of $473.26. Lennox International has a 52 week low of $314.11 and a 52 week high of $553.48.

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, beating the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. As a group, research analysts expect that Lennox International 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. Stockholders of record on Friday, June 28th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, June 28th. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently made changes to their positions in LII. iA Global Asset Management Inc. bought a new position in shares of Lennox International during the 3rd quarter worth about $8,067,000. Carmignac Gestion increased its position in shares of Lennox International by 61.0% during the 3rd quarter. Carmignac Gestion now owns 3,167 shares of the construction company’s stock worth $1,186,000 after purchasing an additional 1,200 shares in the last quarter. DNB Asset Management AS acquired a new stake in shares of Lennox International during the 4th quarter worth about $5,393,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Lennox International during the 4th quarter worth about $560,000. Finally, Tilia Fiduciary Partners Inc. increased its position in shares of Lennox International by 2.6% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,333 shares of the construction company’s stock worth $1,939,000 after purchasing an additional 111 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

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.