Lennox International (NYSE:LII) Coverage Initiated at Northcoast Research

Analysts at Northcoast Research started coverage on shares of Lennox International (NYSE:LII) in a note issued to investors on Friday, MarketBeat reports. The firm set a “sell” rating and a $475.00 price target on the construction company’s stock. Northcoast Research’s price target points to a potential downside of 27.78% from the company’s current price.

LII has been the topic of a number of other research reports. Stephens reaffirmed an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. Robert W. Baird upped their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company increased their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $575.54.

Lennox International Price Performance

LII opened at $657.69 on Friday. Lennox International has a 12 month low of $397.34 and a 12 month high of $658.69. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The stock has a market cap of $23.43 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.00 and a beta of 1.07. The company has a fifty day simple moving average of $611.00 and a 200 day simple moving average of $565.63.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. On average, research analysts expect that Lennox International will post 21.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the transaction, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,480 shares of company stock worth $3,823,519 over the last ninety days. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new position in Lennox International in the second quarter valued at about $33,000. Massmutual Trust Co. FSB ADV raised its position in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Lennox International in the third quarter worth approximately $39,000. Huntington National Bank increased its position in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the period. Finally, UMB Bank n.a. raised its stake in Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after buying an additional 70 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.