Lennox International Inc. (NYSE:LII) Receives Average Rating of “Hold” from Brokerages

Shares of Lennox International Inc. (NYSE:LII) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $560.83.

Several analysts have weighed in on LII shares. TD Cowen raised their price target on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. Robert W. Baird upped their target price on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada upped their price target on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group lifted their target price 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.

Lennox International Trading Up 1.4 %

LII stock opened at $603.99 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The company has a market capitalization of $21.52 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company’s 50-day simple moving average is $583.53 and its 200 day simple moving average is $535.14. 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 data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $6.15 earnings per share. As a group, sell-side analysts anticipate that Lennox International will post 20.34 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th 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 0.76%. The ex-dividend date is Monday, September 30th. Lennox International’s payout ratio is 25.51%.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the sale, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd J. Teske sold 2,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now directly owns 8,411 shares in the company, valued at $4,828,334.55. 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 three months. 10.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its holdings in Lennox International by 66.0% in the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock valued at $158,000 after acquiring an additional 140 shares during the last quarter. Symmetry Partners LLC boosted its stake in Lennox International by 4.6% in the first quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock valued at $1,044,000 after acquiring an additional 94 shares during the period. Rise Advisors LLC bought a new position in Lennox International during the 1st quarter worth $41,000. New England Research & Management Inc. acquired a new stake in shares of Lennox International in the 1st quarter worth about $489,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.