Lennox International (NYSE:LII) PT Raised to $575.00 at Barclays

Lennox International (NYSE:LII) had its price objective upped by analysts at Barclays from $550.00 to $575.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective suggests a potential downside of 3.30% from the stock’s previous close.

LII has been the topic of a number of other reports. TD Cowen lifted their price objective on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. The Goldman Sachs Group lifted their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. KeyCorp increased their target price on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Wells Fargo & Company cut shares of Lennox International from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th. Finally, Robert W. Baird lifted their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $557.08.

Lennox International Stock Performance

Lennox International stock traded down $2.03 during mid-day trading on Wednesday, reaching $594.60. The company had a trading volume of 130,094 shares, compared to its average volume of 274,085. The company has a 50 day moving average of $577.47 and a 200-day moving average of $529.54. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.97 and a beta of 1.07. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.09.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $6.15 earnings per share. Lennox International’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Lennox International will post 20.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Lennox International news, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the transaction, the executive vice president now directly owns 21,536 shares in the company, valued at $12,447,808. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the transaction, the executive vice president now owns 21,536 shares in the company, valued at approximately $12,447,808. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,052 shares of company stock worth $7,563,793. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Lennox International by 3.1% during the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock valued at $53,060,000 after buying an additional 2,958 shares during the period. Achmea Investment Management B.V. raised its position in shares of Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after purchasing an additional 5,673 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares during the last quarter. Swedbank AB purchased a new position in shares of Lennox International in the 1st quarter worth about $15,416,000. Finally, SG Americas Securities LLC raised its position in shares of Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after purchasing an additional 18,972 shares during the last quarter. Institutional investors 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.