Lennox International (NYSE:LII) Downgraded to “Sector Weight” at KeyCorp

KeyCorp downgraded shares of Lennox International (NYSE:LII) from an overweight rating to a sector weight rating in a research note released on Tuesday morning, Marketbeat Ratings reports. KeyCorp also issued estimates for Lennox International’s Q3 2024 earnings at $5.95 EPS, Q4 2024 earnings at $4.15 EPS, FY2024 earnings at $20.40 EPS and FY2025 earnings at $22.85 EPS.

Several other equities analysts have also commented on LII. TD Cowen upped their price target on shares of Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird boosted their price objective on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Royal Bank of Canada raised their target price on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Finally, Stephens reiterated an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International presently has an average rating of “Hold” and an average target price of $570.00.

Lennox International Stock Down 0.1 %

Shares of NYSE:LII opened at $602.85 on Tuesday. The company’s fifty day moving average is $588.83 and its two-hundred day moving average is $539.13. 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 1-year low of $334.53 and a 1-year high of $627.09. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its earnings results 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 firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $6.15 earnings per share. Equities analysts anticipate that Lennox International will post 20.34 EPS for the current year.

Lennox International Dividend Announcement

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

Insider Buying and Selling

In other news, 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 sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International 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 transaction, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,052 shares of company stock worth $7,563,793 in the last ninety days. 10.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

Several large investors have recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Lennox International during the first quarter valued at $15,416,000. Driehaus Capital Management LLC purchased a new position in Lennox International during the 2nd quarter valued at about $11,115,000. SG Americas Securities LLC increased its holdings 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 valued at $12,588,000 after purchasing an additional 18,972 shares during the period. Forsta AP Fonden lifted its position in shares of Lennox International by 165.0% in the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings 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 purchasing an additional 6,041 shares during the period. 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.