Lennox International (NYSE:LII) Price Target Raised to $650.00 at Mizuho

Lennox International (NYSE:LII) had its target price lifted by Mizuho from $575.00 to $650.00 in a report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other research analysts also recently issued reports on the company. Robert W. Baird upped their price objective on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Barclays raised their price target on Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Stephens restated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Lennox International presently has an average rating of “Hold” and an average price target of $570.00.

Lennox International Stock Performance

Shares of NYSE:LII opened at $603.05 on Thursday. The business has a fifty day moving average of $588.83 and a 200-day moving average of $539.56. 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 has a twelve month low of $334.53 and a twelve month high of $627.09. The firm has a market cap of $21.48 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $6.15 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Lennox International will post 20.34 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Insider Activity at Lennox International

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

Institutional Trading of Lennox International

Several hedge funds and other institutional investors have recently modified their holdings of LII. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Lennox International by 167.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock worth $150,000 after buying an additional 156 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Lennox International by 27.8% in the third quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock valued at $197,000 after purchasing an additional 71 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Lennox International by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock worth $3,626,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Lennox International during the second quarter worth $300,000. Institutional investors and hedge funds 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.