Lennox International (NYSE:LII) Given New $625.00 Price Target at UBS Group

Lennox International (NYSE:LII) had its price objective raised by UBS Group from $575.00 to $625.00 in a research note released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on LII. Barclays lifted their price objective on shares of Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, Mizuho increased their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lennox International presently has a consensus rating of “Hold” and an average price target of $590.15.

Lennox International Price Performance

Shares of LII opened at $612.71 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The company has a market cap of $21.83 billion, a P/E ratio of 29.09, a PEG ratio of 2.04 and a beta of 1.08. Lennox International has a 12 month low of $412.09 and a 12 month high of $682.50. The stock has a fifty day moving average price of $634.04 and a 200 day moving average price of $594.89.

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

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.75%. Lennox International’s payout ratio is presently 21.84%.

Insiders Place Their Bets

In related news, EVP John D. Torres sold 581 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the transaction, the executive vice president now directly owns 4,668 shares of the company’s stock, valued at approximately $2,898,734.64. The trade was a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now owns 2,035 shares of the company’s stock, valued at $1,247,393.95. The trade was a 13.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock worth $1,353,233 over the last ninety days. 10.40% of the stock is currently owned by company insiders.

Institutional Trading of Lennox International

A number of hedge funds have recently made changes to their positions in LII. Toronto Dominion Bank raised its stake in shares of Lennox International by 27.0% during the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock worth $2,393,000 after purchasing an additional 841 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Lennox International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after buying an additional 2,013 shares during the last quarter. Achmea Investment Management B.V. raised its position in Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after acquiring an additional 5,673 shares in the last quarter. National Pension Service lifted its stake in Lennox International by 2.3% in the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Lennox International by 1,065.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock worth $4,635,000 after acquiring an additional 7,012 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.