Wells Fargo & Company Reiterates “Underweight” Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “underweight” rating reaffirmed by analysts at Wells Fargo & Company in a report released on Monday, Marketbeat Ratings reports. They presently have a $580.00 price objective on the construction company’s stock, down from their previous price objective of $630.00. Wells Fargo & Company‘s price target indicates a potential upside of 0.25% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird increased their target price 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. Mizuho downgraded Lennox International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Northcoast Research initiated coverage on Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price for the company. Royal Bank of Canada boosted their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley initiated coverage on shares of Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $606.00.

Lennox International Stock Down 0.8 %

LII opened at $578.53 on Monday. The company has a market capitalization of $20.61 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The firm’s fifty day moving average price is $636.16 and its two-hundred day moving average price is $608.35. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, analysts anticipate that Lennox International will post 23.09 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares in the company, valued at $1,118,632.82. This represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,200 shares of company stock worth $793,228 over the last ninety days. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International in the third quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the 3rd quarter valued at $39,000. Huntington National Bank lifted its position in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Lennox International in the 3rd quarter valued at about $77,000. 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.