Lennox International (NYSE:LII) Rating Lowered to “Neutral” at Mizuho

Lennox International (NYSE:LII) was downgraded by equities research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a $625.00 price objective on the construction company’s stock, down from their previous price objective of $675.00. Mizuho’s price target indicates a potential upside of 5.67% from the company’s current price.

A number of other equities research analysts have also recently weighed in on LII. UBS Group lifted their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird increased their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, Northcoast Research assumed coverage on shares of Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $602.57.

Lennox International Stock Down 2.5 %

Shares of LII opened at $591.45 on Thursday. The company’s 50-day moving average price is $639.82 and its 200 day moving average price is $607.36. Lennox International has a 12-month low of $412.09 and a 12-month high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a market cap of $21.07 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 142.64%. On average, sell-side analysts forecast that Lennox International will post 23.08 earnings per share for the current year.

Insider Transactions at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares in the company, valued at approximately $5,344,038.72. This represents a 5.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,200 shares of company stock valued at $793,228. 10.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

Large investors have recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new position in Lennox International in the fourth quarter valued at $567,000. Toronto Dominion Bank increased its position in Lennox International by 27.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock valued at $2,393,000 after acquiring an additional 841 shares during the period. New York State Common Retirement Fund raised its stake in Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock valued at $33,304,000 after acquiring an additional 2,013 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Lennox International by 3.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock worth $415,000 after acquiring an additional 20 shares during the period. Finally, National Pension Service grew its stake in shares of Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after purchasing an additional 1,140 shares during the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

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.